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Spot Review of SMM Aluminum Bar on July 28th: the base price has risen continuously and the processing fee has fallen slightly. The market is on the low side.
Jul 28,2020 11:41CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 28th:

The processing fee of aluminum bar in Foshan area Φ 90 is 400-440, the average price is 420, Φ 120 is 380-420, the average price is 400, Φ 178 is 380-420, the average price is 400; the processing fee of aluminum bar in Wuxi is 280-320,300, Φ 120 is 250-290, the average price is 270, Φ 178 is 250-290, the average price is 270. Foshan processing fees fell slightly, automobile transportation / self-quotation dropped to the range of 400-470 yuan / ton, some prices were less than 400 yuan / ton, brands include Hope, Xinfa, Industry and Trade, Guangzhou Bank, Crescent, Suxi, Kailong, Bochen, etc.; Wuxi processing fees dropped slightly, the price center of gravity remained below 300 yuan / ton. The base price has risen continuously, the initial quotation of processing fees has fallen slightly, the aluminum futures have been adjusted at a high level, the downstream goods are generally received, the price adjustment range of the holder is not large, and the market is weak.

(SMM Tong Lin 0757-85511521)

 

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