[SMM afternoon Review] East China Aluminum: the first day of July the downstream delivery is flat and the overall traffic is average.

Published: Jul 1, 2019 11:46

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SMM, July 1 / PRNewswire-Asianet /-

Aluminum opened high and low that month. The spot transaction price in Shanghai is between 13730 and 13750 yuan / ton, between 10 yuan / ton and 10 yuan / ton, which is about 50 yuan / ton lower than last Friday. The spot price in Wuxi is between 13740 and 13760 yuan / ton, and the spot price in Hangzhou is between 13770 and 13790 yuan / ton. Today, the shipowner shipment is active, because the price falls, the middleman has certain replenishment under the low price, the overall transaction is better. However, downstream Monday did not show an obvious willingness to receive goods, basic on-demand procurement, traders are feedback downstream consumption signs of weakness, on the near future downstream consumption expectations are pessimistic. The overall transaction today was mediocre.

(Xu Man 021 51595898)

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