[SMM afternoon Review] South China Aluminum: absolute Price continues to rise downstream Buy Xing is not High

SMM June 27: early afternoon aluminum in the month a small downward, today's Guangdong market current ticket transaction price concentrated in 13980 to 13990 yuan / ton, next month ticket price concentrated in 13970 to 13980 yuan / ton, Guangdong and Shanghai price difference maintained at 70 yuan / ton. As the absolute price is 10 yuan / ton higher than the previous day, the shipper's willingness to ship is still strong. As the absolute price has arrived at the end of the month and the absolute price trend is relatively strong, the local downstream and traders are not interested in buying, so they hold a wait-and-see attitude. Overall, the spot market for aluminum ingots in South China today is relatively light.

(SMM Li Hao 021 5166 6863)

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