[SMM afternoon Review] East China Aluminum: spot aluminum prices continue to fall on Monday and wait and see how little replenishment will be made downstream.

Published: Jun 3, 2019 11:54

Save

SMM, June 3 / PRNewswire-Asianet /-

Aluminum trading in the current month to maintain range volatility. The trading price in Shanghai is between 14150 and 14170 yuan / ton, which is about 10 yuan / ton lower than that on Friday. The spot price in Wuxi is between 14150 and 14170 yuan / ton, and the price in Hangzhou is between 14180 and 14200 yuan / ton. Today, the continuation of aluminum prices on Friday weak posture continued to fall, holders are still positive shipments, some traders are willing to receive goods at low prices, but the actual transaction is slightly deadlocked. As spot prices continue to decline, downstream manufacturers hold a wait-and-see attitude towards prices, Monday replenishment enthusiasm is not high. Today, the overall transaction in East China is average.

(Xu Man 021 51595898)

"Click to view SMM historical price data

Quotations aluminum ingots noon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

4 hours ago

SHFE: Cast Aluminum Alloy Warrants Up 718 mt to 24,252 mt on Sept 15

[SMM Flash] SHFE data shows that on September 15, the total registered warrants for cast aluminum alloy stood at 24,252 mt, an increase of 718 mt from the previous trading day. Specifically, the total registered volume in Shanghai was 1,537 mt, down 88 mt from the previous trading day; in Guangdong, it was 1,282 mt, down 121 mt; in Jiangsu, it was 9,020 mt, up 870 mt; in Zhejiang, it was 10,099 mt, up 87 mt; in Chongqing, it was 2,165 mt, unchanged from the previous trading day; and in Sichuan, it was 149 mt, down 30 mt.

4 hours ago

5 hours ago

Alumina Warrant Volume Rises to 262,100 mt, Xinjiang Sees Increase

On September 15, the total registered alumina warrant volume was reported at 262,100 mt, up 3,905 mt from the previous trading day; the total registered alumina warrant volume in Shandong was reported at 5,092 mt, flat from the previous trading day; the total registered alumina warrant volume in Henan was reported at 0 mt, flat from the previous trading day; the total registered alumina warrant volume in Guangxi was reported at 40,600 mt, flat from the previous trading day; the total registered alumina warrant volume in Gansu was reported at 24,868 mt, flat from the previous trading day; the total registered alumina warrant volume in Xinjiang was reported at 197,600 mt, up 3,905 mt from the previous trading day.

5 hours ago

SMM Alumina Index Shows 3.22 Yuan/mt Discount on September 15

According to SMM data, on September 15, the SMM Alumina Index was at a discount of 3.22 yuan/mt to the latest transaction price of the main contract at 11:30.

5 hours ago