[SMM afternoon Review] East China Aluminum: spot transactions in the early afternoon show a slight stalemate in downstream on-demand procurement.

Published: Jul 17, 2019 11:57

Save

SMM, July 17 / PRNewswire-Asianet /-

Aluminum month opening performance of the first suppression and then rise. The transaction price between Shanghai and Wuxi is between 13830 and 13850 yuan / ton, and the price is between 20 yuan and 10 yuan / ton, which is basically the same as yesterday. The transaction price in Hangzhou is between 13850 and 13860 yuan / ton. Early opening aluminum down, the holder delivery is very active, forming a more and less situation, driven by the receiving rhythm of a large household, the market trading is active, the transaction is better, with the floating of aluminum futures, the shipping price of the holder has increased, and the middleman's willingness to replenish the goods has converged at a high price, and the trading between buyers and sellers has begun to show a stalemate and a decline in trading activity. Downstream today is still on-demand procurement, because the spot price has no advantage over yesterday, wait-and-see mood has not changed, the status of receiving goods is almost the same as yesterday. The overall transaction in East China today is average.

(Xu Man 021 51595898)

"Click to view SMM historical price data

Quotations aluminum ingots noon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Feb 7, 2026 17:24

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

Feb 7, 2026 17:24

Feb 7, 2026 17:23

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

Feb 7, 2026 17:23

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

Feb 7, 2026 17:23