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[SMM afternoon Review] East China Aluminum: spot prices rise in the early afternoon market shows a renewed wait-and-see mood.
Jul 16,2019 11:50CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: spot prices rise in the early afternoon market shows a renewed wait-and-see mood.
The content below was translated by Tencent automatically for reference.

SMM, July 16 / PRNewswire-Asianet /-

Aluminum in the early opening of the month to interval shock-based, before noon quickly pulled up. In the early period, the transaction price between Shanghai and Wuxi was between 13830 and 13840 yuan / ton, between 10 yuan / ton and flat water in that month, up nearly 30 yuan / ton compared with yesterday, and the transaction price in Hangzhou was between 13850 and 13870 yuan / ton. In the morning, due to the holder holding part of the low-priced purchase source, active shipment, some middlemen replenish goods to receive more active, but because the market today receive few goods, so the overall transaction in East China is slightly lower than yesterday. With the rapid rise of aluminum futures, the market quotation rose, began to focus on 13850 to 13870 yuan / ton, pasted 20 to 10 yuan / ton, although there is an offer, but the market wait-and-see mood rose again, fear of high obvious, there are few transactions, at this time the transaction heat decreased rapidly. Downstream today to maintain the pace of on-demand procurement, flat delivery. Today, the overall transaction in East China is not as good as yesterday.

(Xu Man 021 51595898)

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