[SMM afternoon Review] East China Aluminum: spot aluminum prices rose by more than 70 yuan per ton in East China market.

Published: Jul 11, 2019 11:45

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SMM, July 11 / PRNewswire-Asianet /-

Aluminum futures fell at the start of the month, and the second stage of trading stabilized and rebounded slightly. The cost of Shanghai and tin trading price between 13790 13800 yuan / ton, the current month flat water-up 10 yuan / ton, after 10: 30 with the aluminum floating, the spot price began to focus on 13800 13820 yuan / ton, the current month flat water-20 yuan / ton, over yesterday's price rose more than 70 yuan / ton, Hangzhou spot price in 13820 to 13840 yuan / ton. Due to the recovery of the macro atmosphere overnight, aluminum prices have risen sharply, and there has been no significant change in the rising sticker water. Today's spot price is significantly higher than that of yesterday. At high prices, the shippers are active in shipping today, and some of them are also active in receiving the goods. Middlemen are actively trading. In addition, a large market today receives more than 6,000 tons of goods, and the market transaction is OK. However, the downstream fear of high sentiment is obvious, today to receive goods in general, mainly on-demand procurement.

(Xu Man 021 51595898)

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