Daily Review of SMM Aluminium Bar spot on July 29th: the overall decline in processing fees is light in the market.

SMM, July 29th:

The processing fee of aluminum bar in Foshan area Φ 90 is 350-390, the average price is 370, Φ 120 is 330-370, the average price is 350, Φ 178 is 330-370, the average price is 350; the processing fee of aluminum bar in Wuxi is 250-290, the average price is 270, Φ 120 is 230-270, the average price is 250, Φ 178 is 230-270, the average price is 250. Foshan processing fees reported high and low, the automobile quotation dropped to around 400 yuan / ton, since the price dropped to about 350 yuan / ton, some transaction prices floated, brands include Hope, Xinfa, Industry and Trade, Guangzhou Bank, Crescent, Suxi, Kailong, Bochen, etc.; Wuxi processing fees fell slightly, the price center of gravity fell to 250-300 yuan / ton. The intra-day base price rose by more than 100, the reduction of processing fees was limited, the overall price was still higher than yesterday, the downstream delivery was few, and the market turnover was light.

(SMM Tong Lin 0757-85511521)