SMM, July 30th:
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; the average price of aluminum bar in Wuxi is 230-270, 250, 210-250, 230, Φ 178, 210-250, 230. Foshan processing fees go low, automobile quotation dropped to 330-380 yuan / ton, since the price fell to 300-350 yuan / ton, some transaction prices fell below 300 yuan / ton, brands including Hope, Industry and Trade, Guangzhou Bank, New Moon, Suxi, Kailong, Bochen, etc.; Wuxi processing fees fell slightly, the price center of gravity fell to 200-250 yuan / ton. Aluminum prices rose by more than 200 yuan, aluminum bars have no market, market shipments are more and less, downstream purchases are not much, and there is still room for reduction in processing fees.
(SMM Tong Lin 0757-85511521)
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