[SMM afternoon Review] East China Aluminum: spot prices fluctuate more in the lower reaches of the afternoon and remain calm.

Published: Jul 10, 2019 11:52

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SMM July 10 News:

Aluminum trading in the early morning of the month to maintain range fluctuations, the second trading phase concussion upward. In the morning, Shanghai and tin more than to spot price, the price is between 13700 to 13710 yuan / ton, with a certain network price announced, lower than the market psychological price, spot price began to rise, coupled with the second trading stage aluminum floating, Shanghai and tin prices began to focus on 13720 to 13750 yuan / ton, flat water on the plate-up 10 yuan / ton, the price rose nearly 20 yuan / ton yesterday, Hangzhou spot price between 13740 and 13760 yuan / ton. In the morning, the activity of the East China market was OK, but because of the large increase in aluminum prices later, the transaction became lighter in the second stage of trading. Although the holders actively shipped at high prices, it was difficult for the middlemen to approve the price, and there was a stalemate between the two sides. Downstream today is still on-demand procurement, the receipt of goods is flat. Today, the overall transaction in East China is OK.

(Xu Man 021 51595898)

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