[SMM afternoon Review] East China Aluminum: spot is still rising and downstream is still on demand after the exchange of aluminum.-Shanghai Metals Market

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[SMM afternoon Review] East China Aluminum: spot is still rising and downstream is still on demand after the exchange of aluminum.

Translation 11:48:55AM May 16, 2019 Source:SMM

SMM, May 16 / PRNewswire-Asianet /-

The opening of aluminum in the current month is dominated by interval concussion. The trading price in Shanghai is between 14340 and 14360 yuan / ton, which is about 20 yuan / ton higher than yesterday. The spot price in Wuxi is between 14340 and 14360 yuan / ton, and the price in Hangzhou is between 14350 and 14370 yuan / ton. As the price of aluminum rose compared with yesterday, and after the change of the month, the delivery of goods is still active, traders and middlemen trade better, but the shippers are still slightly more than the recipients. Downstream procurement sentiment is not high today, mainly on-demand procurement, but compared with yesterday has improved. Today, the overall transaction in East China is better.

(Xu Man 021 51595898)

"Click to view SMM historical price data

 

Key Words:  Quotations  aluminum ingots  noon news 

[SMM afternoon Review] East China Aluminum: spot is still rising and downstream is still on demand after the exchange of aluminum.

Translation 11:48:55AM May 16, 2019 Source:SMM

SMM, May 16 / PRNewswire-Asianet /-

The opening of aluminum in the current month is dominated by interval concussion. The trading price in Shanghai is between 14340 and 14360 yuan / ton, which is about 20 yuan / ton higher than yesterday. The spot price in Wuxi is between 14340 and 14360 yuan / ton, and the price in Hangzhou is between 14350 and 14370 yuan / ton. As the price of aluminum rose compared with yesterday, and after the change of the month, the delivery of goods is still active, traders and middlemen trade better, but the shippers are still slightly more than the recipients. Downstream procurement sentiment is not high today, mainly on-demand procurement, but compared with yesterday has improved. Today, the overall transaction in East China is better.

(Xu Man 021 51595898)

"Click to view SMM historical price data

 

Key Words:  Quotations  aluminum ingots  noon news