[SMM afternoon Review] South China Aluminum: the absolute price is down by 100 yuan in the market.

Published: Jul 2, 2019 11:54

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The absolute price fell by $100 in the market.

SMM July 2: early afternoon aluminum in the first line of 13650 yuan / ton low shock, today Guangdong spot aluminum ingot transaction price concentrated in 13710 to 13720 yuan / ton, Guangdong and Shanghai price difference maintained at 70 yuan / ton. As the absolute price fell by $100 compared with yesterday, the holder obviously showed poor sales and a strong willingness to push up the price; the lower reaches of the area has a part of the reserve at this low level. On the whole, the spot transaction of aluminum ingots in South China today is OK.

(SMM Li Hao 021 5166 6863)

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