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July 31st SMM aluminum bar spot daily review: base price maintaining stability processing fee weak aluminum bar price weak and difficult to change
Jul 31,2020 12:00CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, July 31:

The processing fee of aluminum bar in Foshan area Φ 90 is 290-330, the average price is 310, Φ 120 is 260-300, the average price is 280, Φ 178 is 260-300, the average price is 280; the processing fee of aluminum bar in Wuxi is 210-250, the average price is 230, Φ 120 is 190-230, the average price is 210, Φ 178 is 190-230, the average price is 210. The initial quotation of processing fees in Foshan area was flat yesterday, the automobile transportation quotation was 300-350 yuan / ton, the self-mentioned price was about 300 yuan / ton, and the actual transaction price was 250-300 yuan / ton. brands include Hope, Industry and Trade, Guangzhou Bank, Xinyue, Suxi, Kailong, Bochen, etc.; Wuxi processing fees fell slightly, the price center of gravity fell to 200-250 yuan / ton range, the actual transaction floated. Base prices maintain stability, processing fees are still weak, aluminum bar market supply exceeds demand, downstream goods are not much, holders actively adjust prices and sell, short-term processing fees are weak and difficult to change.

(SMM Tong Lin 0757-85511521)

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