[SMM afternoon Review] East China Aluminum: aluminum prices are slightly lower than yesterday's.

SMM, June 6 / PRNewswire-Asianet /-

The first trading stage of aluminum trading in that month was dominated by interval volatility. The spot prices of aluminum ingots in Shanghai and Wuxi were between 14050 and 14060 yuan / ton, which was about 50 yuan / ton lower than yesterday, and the market was up 10 to 20 yuan / ton, due to the slight widening of the price difference between the two months. Under the background of spot rising water, the holder is very active, and the downstream manufacturers take into account the fact that the price is lower than yesterday, the Dragon Boat Festival is about to be superimposed, the willingness to stock before the festival is increased, the purchasing volume is significantly higher than yesterday, and both buyers and sellers are active. After entering the second trading stage, the aluminum went down, and the transaction prices in Shanghai and Wuxi markets dropped to between 14030 and 14050 yuan / ton, which was about 70 yuan / ton lower than yesterday. For the current month, the rising water was 10 to 20 yuan / ton, and the transaction price in Hangzhou was between 14120 and 14140 yuan / ton. At this time, the market trading atmosphere is not as good as the previous stage, traders trading activity decreased, downstream morning has received good goods, at this time more wait and see, the actual transaction began to show a bit of stalemate. Overall, trading before noon today was better than yesterday.

(Xu Man 021 51595898)

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