[SMM afternoon Review] East China Aluminum: aluminum prices rise downstream rigid demand overall transaction is average

Published: Jun 25, 2019 11:48
[SMM afternoon Review] East China Aluminum: aluminum prices rise downstream rigid demand overall transaction is average

SMM, June 25 / PRNewswire-Asianet /-

Aluminum trading in the month before noon concussion, the second phase of the transaction slightly sank. The spot price of Shanghai Wuxi region is between 13880 yuan / ton and 13900 yuan / ton, which is nearly 50 yuan / ton higher than yesterday's price. A small amount of aluminum is traded at 13870 / 13880 yuan / ton, and the ticket price next month is 13870 / 13890 yuan / ton. Hangzhou spot price is between 13920 / 13940 yuan / ton and 13920 / 13940 yuan / ton, respectively. the spot price in Hangzhou area is between 13920 yuan and 13940 yuan / ton, and the spot price in Hangzhou area is between 13920 yuan and 13940 yuan / ton. The spot price in Hangzhou area is between 13920 yuan and 13940 yuan / ton. Today, aluminum prices rose back, the holder actively shipped, the month ticket prices are relatively strong, traders and middlemen trading enthusiasm, active inquiry offer, the actual transaction is OK. However, the downstream performance is average today, after the rise in aluminum prices to rigid demand delivery-based, flat receipt of goods. Today, the overall transaction in East China is average.

(Xu Man 021 51595898)

"Click to view SMM historical price data

 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
22 hours ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
22 hours ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
22 hours ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
22 hours ago