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[SMM afternoon Review] East China Aluminum: aluminum prices continue to fall after the festival and receive goods downstream is not as active as before the festival.
Jun 10,2019 11:35CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: aluminum prices continue to fall after the festival and receive goods downstream is not as active as before the festival.
The content below was translated by Tencent automatically for reference.

SMM, June 10 / PRNewswire-Asianet /-

The opening of aluminum trading in the current month was dominated by interval concussion. The spot trading price in Shanghai was between 14000 and 14020 yuan / ton, and the flat water on the plate was up 20 yuan / ton, which was about 30 yuan / ton lower than that before the festival. The Wuxi transaction price was between 14000 and 14020 yuan / ton. The transaction price in Hangzhou is between 14020 and 14040 yuan per ton. Today, there is an adequate supply of goods in the market, and traders are more active in shipping. Some traders take into account the fact that the supply may be expanded at a later stage, the willingness to receive goods has also been significantly increased, and the overall trading is active. As prices continue to decline, downstream manufacturers began to wait and see, although there is a certain replenishment after the festival, receiving goods is OK, but the purchasing strength is obviously not as good as before the festival. Today, the overall transaction in East China is better.

(Xu Man 021 51595898)

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