Processing fees rose on falling aluminium prices, and downstream traders bought goods at lower prices

Today, the price of SMM A00 aluminum fell by 180 yuan/mt compared with the previous working day, and was reported at 18,730 yuan/mt. Foshan A00 aluminum price was reported at 18,770 yuan/mt, down by 160 yuan/mt. The base price of aluminum fell sharply today, and aluminum rod processing fees took advantage of the momentum to rise. The market was in a strong CNY holiday atmosphere, and downstream traders and processing plants lowered prices to receive goods. The overall transaction volume was sluggish. Near noon, the transaction price of Φ120Φ178 aluminum rod processing fee in South China was around 190 yuan/mt, and the processing fee of Φ90 rod was 260 yuan/mt, up 80 yuan/mt.

In the East China market today, there were very few transactions in the Wuxi market. Near noon, the processing fee for Φ120 aluminum rods was 280 yuan/mt, and the processing fee for Φ90 small rods was 380 yuan/mt, up 90 yuan/mt. The market turnover in Nanchang area was light, with the processing fee for Φ120 rods quoted at 240 yuan/mt and the processing fee for Φ90 rods at 290 yuan/mt. The average price of processing fees in Linyi, Shandong was flat WoW, and the average weekly price of Φ120 aluminum rods was around 290 yuan/mt.