[SMM afternoon Review] South China Aluminum: absolute Price rise downstream Purchasing strength decline

Published: Jul 04, 2019 11:50 (GMT+8)

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Absolute price rise downstream procurement strength decline

SMM July 4: early afternoon aluminum month shock down, Guangdong spot transaction prices in the morning concentrated in 13810-13820 yuan / ton, and then aluminum prices rose slightly, the transaction price dropped to 13810-13800 yuan / ton, Guangdong and Shanghai price difference slightly reduced to 60 yuan / ton. Today, trading between traders is more active, but downstream fear of high sentiment has risen again, more wait-and-see or only on-demand procurement. Overall, Guangdong trading today is slightly better than yesterday.

(SMM Li Hao 021 5166 6863)

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