[SMM afternoon Review] East China Aluminum: spot prices fell by more than 100 percent and the number of recipients increased significantly compared with yesterday.

Published: Jun 28, 2019 11:42 (GMT+8)

Save

SMM, June 28 / PRNewswire-Asianet /-

Aluminum trading shock fell back at the opening of the month. In the morning, the spot transaction price in the Wuxi market in Shanghai was between 1378 yuan and 13790 yuan / ton. With the announcement of the online price, the market evaluation was lower than the psychological price, and the actual spot price began to rise slightly, focusing on 13800 yuan / ton to 13810 yuan / ton. The spot price in Hangzhou was between 13830 and 13840 yuan / ton. Today, prices are lower, shippers' willingness to ship at low prices is converging, traders and middlemen are more willing to receive and replenish goods, market recipients are significantly increased, trading is more active, and prices are strong. Downstream due to weekend stock superimposed approved low prices, today's procurement is significantly higher than yesterday. Today, the overall transaction in East China is better.

(Xu Man 021 51595898)

"Click to view SMM historical price data

Quotations aluminum ingots noon news

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 for 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

2 mins ago

China's Aluminum Ingot Inventory Falls on September 30

[SMM Aluminum Ingot Inventory] According to SMM statistics, aluminum ingot inventory in major domestic consumption sites of China stood at 638,000 tonnes on September 30, down 36,000 tonnes from Monday and down 40,000 tonnes from last Thursday.

2 mins ago

37 mins ago

【Flash | EU Tariff Relief Outlook Spurs Demand for Armenian Ferromolybdenum】

The EU Council gave final approval on September 24 to temporary trade measures expected to make about 80% of Armenian exports to the bloc duty-free. The annex covers CN 7202 ferro-alloys and CN 2825 other metal oxides, bringing qualifying Armenian ferromolybdenum and molybdenum oxide within scope. SMM learned that European inquiries and procurement demand for Armenian ferromolybdenum increased today as the market priced in the expected tariff relief, potentially improving the material’s competitiveness. As of September 30, the regulation was still awaiting signature and publication in the EU Official Journal. It will enter into force the following day and apply for two years, meaning the current demand pickup mainly reflects advance positioning ahead of implementation.

37 mins ago

9 hours ago

China's Aluminum Fluoride Exports Surge 21.6% YoY in Jan-Aug 2026, Driven by Diversified Markets

Taking into account overseas demand and the market environment, the current export order sentiment in the industry is relatively high, and the resonance of overseas aluminum capacity expansion and production resumptions continues to drive the recovery of aluminum fluoride demand.

9 hours ago