SMM aluminum bar spot daily review: aluminum price plummets downstream wait-and-see processing fee weak adjustment

SMM, July 16:

The processing fee of aluminum bar in Foshan area Φ 90 is 390mur430, the average price is 410, Φ 120 is 370Muth410, the average price is 390, Φ 178 is 370Muth410, the average price is 390; the average price of aluminum bar processing fee in Wuxi is 270Muth310, the average price is 290, Φ 120 is 250Muth290, the average price is 270, Φ 178 is 250Muth290, the average price is 270. Foshan processing fees are reported high and low, and the mainstream quotation for automobile transportation / pick-up is in the range of 400 Mel 500 yuan / ton. after the futures slump, the price has been lowered somewhat; the processing fee in Wuxi region has dropped slightly, and the price center of gravity is 220 Mel 320 yuan / ton. The base price plummeted nearly 300 yuan, the downstream buying rose but did not buy down, the wait-and-see mood dominated, the price adjustment range of the consignor was limited, and the transaction was light.

(SMM Tong Lin 0757Mui 85511521)