[SMM afternoon Review] East China Aluminum: downstream replenishment General traders are active on Monday

Published: Jun 24, 2019 11:55

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SMM, June 24 / PRNewswire-Asianet /-

Aluminum trading in the month before noon to maintain range volatility. The spot price in Shanghai is between 13820 and 13840 yuan / ton, and the flat water in that month is 10 yuan / ton, which is nearly 40 yuan / ton lower than that on Friday. The spot price in Wuxi is between 13830 and 13850 yuan / ton, and the price in Hangzhou is between 13860 and 13880 yuan / ton. Today, the holder is still actively shipping, the price is strong, at the same time, due to the fall in aluminum prices, low prices, some traders middleman buying enthusiasm is also significantly enhanced, the two sides active trading, inquiry quotation is positive. But the performance of the downstream side is average, Monday return downstream basic on-demand replenishment, the willingness to purchase is flat. To sum up, the overall transaction in East China today is average.

(Xu Man 021 51595898)

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