Spot aluminium trades remain poor as downstream buyers yet to return from CNY

Telah Terbit: Feb 11, 2019 13:51
Spot discounts in Shanghai were heard at 60-50 yuan/mt against the SHFE 1902 contract

SHANGHAI, Feb 11 (SMM) – Spot aluminium transactions remained poor across eastern and southern markets in China in the morning of the first trading day after the week-long Chinese New Year break, as downstream consumers have not returned from the holidays .

The front-month aluminium contract on the Shanghai Futures Exchange traded lower in the morning. Spot discounts in Shanghai were heard at 60-50 yuan/mt against the SHFE 1902 contract, compared to 30-20 yuan/mt in the morning of Friday February 1.

Spot transactions were heard at 13,260-13,280 yuan/mt in Shanghai and Wuxi and 13,270-13,290 yuan/mt in Hangzhou. Traded prices lost over 60 yuan/mt from Friday February 1.

Spot transactions occurred at 13,320 yuan/mt in Guangdong with the Guangdong-Shanghai spread at 50 yuan/mt.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn
Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn