[SMM afternoon Review] South China Aluminum: in the early afternoon, aluminum first suppressed and then promoted the market as a whole.

Published: Jul 3, 2019 11:44

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In the early afternoon, aluminum first suppressed and then promoted the market as a whole, and it was okay to trade as a whole.

SMM July 3: early afternoon aluminum performance first suppressed and then rose, today Guangdong spot aluminum ingot transaction price concentrated in 13700 to 13710 yuan / ton, late 10:30 aluminum price rose, Guangdong actual spot transaction price also rose to 13710 13720 yuan / ton, Guangdong and Shanghai price difference maintained at 70 yuan / ton. The trading atmosphere among traders is flat compared with yesterday, but due to the continued decline in absolute prices, some of the lower reaches of Guangdong are replenishing goods at this low level and have a strong willingness to purchase. Today, the overall spot trading of aluminum ingots in South China is OK.

(SMM Li Hao 021 5166 6863)

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