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[SMM afternoon Review] East China Aluminum: spot prices soar before noon and overall transaction performance in East China is poor.
Jul 3,2019 11:53CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: spot prices soar before noon and overall transaction performance in East China is poor.
The content below was translated by Tencent automatically for reference.

SMM, July 3 / PRNewswire-Asianet /-

Aluminum in the month before the afternoon of the first trading phase to maintain low volatility, the second trading phase of the low back up. The first trading range is between 13610 yuan / ton and 13620 yuan / ton in Shanghai, and between 10 yuan / ton and 13670 yuan / ton in the second trading range. The spot prices in Guangdong and Wuxi began to concentrate between 13650 and 13670 yuan / ton, and the price rose slightly from yesterday. The price in Hangzhou was between 13650 and 13670 yuan / ton in the afternoon, and the spot price in Guangdong and Wuxi began to concentrate between 13650 and 13670 yuan / ton. The price was slightly higher than yesterday. The price in Hangzhou was between 13650 and 13670 yuan / ton before noon, and the spot price between Guangdong and Wuxi began to concentrate between 13650 and 13670 yuan / ton. At the end of the day, the market rose, but the Hangzhou quotation was chaotic and the transaction was diluted. When the aluminum price is low in the morning, the willingness of traders to receive goods is greatly increased, and there are many recipients in the market, but there are fewer sources of goods in circulation in the market, and the holders cherish to sell slightly. After 10: 30, with the announcement of the online price, the market has also risen sharply, and the aluminum price has risen by nearly 30 yuan / ton in the morning price level. At this time, the shippers obviously increased, but due to the larger increase in aluminum prices, middlemen and traders hesitated to receive the goods, and the transactions between the two sides were not much. Due to the difficulty of indirect shipment by traders, the actual shipment is not much, at the same time, the downstream is still purchasing on demand, it can be seen that the supply and demand is weak, the overall transaction in East China today is poor.

(Xu Man 021 51595898)

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