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[SMM afternoon Review] East China Aluminum: mid-year settlement middlemen receiving less spot water narrowing
Jun 27,2019 11:58CST
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Source:SMM
[SMM afternoon Review] East China Aluminum: mid-year settlement middlemen receiving less spot water narrowing
The content below was translated by Tencent automatically for reference.

SMM, June 27 / PRNewswire-Asianet /-

Aluminum open the month to maintain range volatility. In the morning, the transaction price between Wuxi and Wuxi was between 13910 and 13920 yuan / ton. With the announcement of the online price, the oversupply in the spot market on that day was highlighted. Shanghai prices began to focus on 13890 to 13900 yuan / ton, pasted 10 yuan / ton to Pingshui for the current month, Wuxi transaction price was between 13900,13920 yuan / ton, Hangzhou transaction price was between 13940 and 13960 yuan / ton, and the difference between the current month and next month's ticket price was about 10 yuan / ton. As the middle of the year is nearing the end of the month, the settlement at the end of the month and the settlement in the middle of the month are on the agenda. Taking into account the settlement cycle, traders and middlemen have reduced business volume today, received not much, and the market transaction activity is not as active as yesterday. As a result, the price fell slightly before noon. Moreover, compared with Wuxi, the market supply in Shanghai is more and the consumption is not good, and the transaction today is even worse than in Wuxi. Spot water also from the previous increase of 10 yuan / ton around, to flat water or small discount. Downstream manufacturers today are still on-demand procurement, flat delivery, and yesterday's performance is almost the same. Today, the overall transaction in East China is poor.

(Xu Man 021 51595898)

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