[SMM afternoon Review] East China Aluminum: aluminum prices rise back downstream transactions are average

Published: Jun 19, 2019 11:53

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SMM, June 19 / PRNewswire-Asianet /-

The opening of aluminum in the current month is dominated by interval concussion. In the morning, the transaction price in Shanghai market was between 13870 yuan / ton and 13880 yuan / ton, and Wuxi spot price was between 13880 and 13890 yuan / ton. With the announcement of the net price, the overall spot price in East China market rose slightly. Shanghai price began to concentrate on 13880 to 13890 yuan / ton, Wuxi price concentrated between 13890 and 13900 yuan / ton, a small number of brand spot prices traded around 13910 yuan / ton, and Hangzhou price concentrated around 13900-13910 yuan / ton before noon. Prices in Wuxi, Shanghai, rose by about 30 yuan to 50 yuan per ton compared with the previous day, and by about 10 to 20 yuan per ton to the market. Today, a large household does not purchase on the wire, and the holder holds part of the spot purchased at a low price yesterday. Today, the goods are shipped actively at high prices, and the replenishment transaction between middlemen and traders is very active. Downstream, as a result of price rebound and continue to wait and see, rigid demand delivery is the main, the actual delivery is not much. Today, the overall transaction in East China is average.

(Xu Man 021 51595898)

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