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[SMM afternoon Review] East China Aluminum: aluminum prices have risen for two days in a row, and the shippers are very active in shipping.
Jun 26,2019 11:40CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: aluminum prices have risen for two days in a row, and the shippers are very active in shipping.
The content below was translated by Tencent automatically for reference.

SMM, June 26 / PRNewswire-Asianet /-

Aluminum futures in the opening month of the performance of shock sinking, the second trading phase stabilized narrow fluctuations. The spot transaction price of Wuxi in Shanghai is between 13910 and 13930 yuan / ton, and the price is about 30 yuan / ton higher than yesterday, and the difference between the monthly ticket and next month's ticket price is only about 10 yuan / ton. The spot price of aluminum ingots is concentrated to maintain flat water ~ rise 10 yuan / ton, and the price in Hangzhou is between 13940 and 13960 yuan / ton. The supply of goods in Hangzhou is tight, and the supply of goods in Wuxi and Shanghai is very abundant. In the case of two consecutive days of rising aluminum prices, the shippers are very active. Today, there are obviously more shippers than consignors in the market. In the case of a large household receiving nearly 10,000 tons in East China, it is still difficult for the market to fully digest the supply of aluminum ingots, and the trading between traders is more active, but the actual transaction is slightly deadlocked. Downstream today is still on-demand procurement, the receipt of goods is flat and there is not much bright spot. Today, the overall transaction in East China is average.

(Xu Man 021 51595898)

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