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[SMM afternoon Review] East China Aluminum: aluminum prices have risen for two days in a row, traders can still trade downstream and still wait and see.
Jun 20,2019 11:54CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: aluminum prices have risen for two days in a row, traders can still trade downstream and still wait and see.
The content below was translated by Tencent automatically for reference.

SMM, June 20 / PRNewswire-Asianet /-

Aluminum opened the month performance range volatility, the second trading phase stepped down the ladder to continue to maintain a narrow range of fluctuations. In the afternoon, the trading price in Shanghai market was between 13890 yuan / ton and 13910 yuan / ton, and a small amount of spot was traded around 13920 yuan / ton under the leadership of a large household. Wuxi market price concentrated around 13900,13920 yuan / ton, and the spot price in Hangzhou area was around 13940-13960 yuan / ton. In the first trading stage of the afternoon, the market trading was active, the shippers were more than the recipients, the aluminum price in the second trading stage was low, and the transaction activity of middlemen and traders converged obviously. Downstream aluminum prices rose for two days in a row, continue to maintain a wait-and-see attitude, do not rush to stock for the weekend, today is still purchasing according to rigid demand. On the whole, the deal in East China today is OK.

(Xu Man 021 51595898)

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