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[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.
Jun 3,2019 11:54CST
translation
Source:SMM
[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.
The content below was translated by Tencent automatically for reference.

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)

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