[SMM afternoon Review] East China Aluminum: the market transaction is light and the replenishment of the downstream on Monday is not as expected.

Published: Jun 17, 2019 11:50

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SMM, June 17 / PRNewswire-Asianet /-

Aluminum in the month of the opening shock down. In the morning, the trading price in Wuxi market in Shanghai was between 13900 yuan and 13910 yuan / ton, and the trading price in Hangzhou was between 13920 yuan and 13940 yuan / ton. With the decline of aluminum, the trading price in Wuxi market in Shanghai began to focus on 13880-13890 yuan / ton, down nearly 60 yuan / ton from Friday, and 10-20 yuan / ton on the plate. Today, there is no receiving plan on a large household line, the market supply is very sufficient, although the holder is actively shipping, but the actual shipment is not much, the transaction activity of middlemen and traders is significantly lower than last week, the downstream end of Monday replenishment is not expected, the purchase intention is not obvious, because the aluminum futures down stack tomorrow under the background of changing the month to hold a wait-and-see attitude to the price, receiving the goods is not active. Today, the overall transaction in East China is poor.

(Xu Man 021 51595898)

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