In terms of aluminum rod processing fees, with the narrowing of the pr

Published: Jul 18, 2024 23:02

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In terms of aluminum rod processing fees, with the narrowing of the price difference between Guangdong and Shanghai, the slight rebound in the weekly profile production, and the change in inventory situation, the recovery of the price difference in processing fees between South China and East China has basically been completed this week, approaching "same price in three regions". By July 18, the processing fees for φ120 aluminum rods in Wuxi and Nanchang both rose to 350 yuan/ton, up 150 yuan/ton from last Thursday. According to SMM, recently, there is a shortage of low-priced aluminum rods in Nanchang, and suppliers are mainly maintaining their prices. Downstream buyers are mostly pessimistic and waiting on the sidelines, leading to unsatisfactory actual transactions, showing a "price without demand" situation. As the processing fees in South China have stabilized above 300 yuan/ton recently, aluminum rod manufacturers in neighboring provinces basically have room for profit, making the production and shipment schedule "responsive" and slightly increasing the arrival volume of aluminum rods in South China. The sustainability of aluminum rod destocking and rising processing fees is slightly insufficient. Currently, the processing fee for φ120 aluminum rods in Foshan is reported at 380 yuan/ton, flat from last Thursday.

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