[SMM afternoon Review] South China Aluminum: traders' willingness to receive goods to enhance downstream stock is also positive.

Published: Jun 21, 2019 11:41

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Traders' willingness to receive goods to enhance downstream stock is also positive.

SMM June 21: before noon aluminum rose slightly and then fell back to the opening level. Today, the transaction price in Guangdong was concentrated at 13940 to 13950 yuan / ton. For the current month, the contract was rising by 50 yuan per ton, and the price difference between Guangdong and Shanghai dropped to about 70 yuan per ton. Today, traders have a strong desire for indirect goods, and holders slightly cherish the sale; some of the local downstream processing enterprises are stocked for the weekend, and the intensity of procurement is slightly stronger than that of yesterday. On the whole, the spot trading of aluminum ingots in Guangdong is more active today.

(SMM Li Hao 021 5166 6863)

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