[SMM afternoon Review] East China Aluminum: the increase in downstream stocks near the weekend the overall transaction in East China is better than yesterday.

Published: Jun 14, 2019 11:41

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SMM, June 14 / PRNewswire-Asianet /-

Aluminum first suppressed and then rose at the opening of the month. Before 11:00 in the morning, the transaction price in Wuxi was concentrated between 13960 yuan / ton and 13970 yuan / ton, and the price was 10 yuan / ton, which was nearly 80 yuan / ton lower than that before 11:00 yesterday. The holder maintained an active shipping rhythm. Downstream, due to the drop in aluminum prices near the weekend, the receiving of the goods was positive and the overall transaction was better. After 11:00, the spot price of Wuxi in Shanghai began to focus on 13970 to 13990 yuan / ton, 10 yuan / ton to 10 yuan / ton, and a small number of holders quoted 14000 yuan / ton. The spot price in Hangzhou was maintained between 13990 and 14010 yuan / ton before noon. However, after 11: 00, the trading atmosphere in East China market became lighter, and the trading activity of traders was obviously lower than that in the morning, and the strength of receiving goods downstream began to weaken at this time. Overall, today's deal is better than yesterday's.

(Xu Man 021 51595898)

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