SMM aluminum bar spot daily review: aluminum price falls sharply, demand is not good, processing fee increases are limited.

SMM, Aug. 3:

The processing fee of aluminum bar in Foshan area Φ 90 is 300-340, the average price is 320, Φ 120 is 280-320, the average price is 300, Φ 178 is 280-320, the average price is 300; in Wuxi, the processing fee of aluminum bar Φ 90 is 220-260, the average price is 240, Φ 120 is 200-240, the average price is 220, Φ 178 is 200-240, the average price is 220. The initial quotation of processing fees in Foshan area has risen steadily and slightly, with automobile prices ranging from 320 yuan to 380 yuan per ton and from 300 yuan to 360 yuan per ton, with some cheap sources. major brands include Hope, Industry and Trade, Guangzhou Bank, Xinyue, Suxi, Kailong, Bochen, etc.; processing fees in Wuxi have risen slightly, and the price center of gravity has been maintained in the range of 200-250 yuan / ton, and the actual transaction is general. Aluminum prices fell by more than 100 yuan, processing fees rose narrowly, the overall demand side was not good, the aluminum bar market was difficult to improve in August, downstream more wait-and-see than rigid demand, traders adjusted prices to ship goods, the deal was good or bad.

(SMM Tong Lin 0757-85511521)