Home / Metal News / Aluminium / [SMM afternoon Review] South China Aluminum: trading is the main way to maintain the Price difference between Guangdong and Shanghai in the flat Water Market
[SMM afternoon Review] South China Aluminum: trading is the main way to maintain the Price difference between Guangdong and Shanghai in the flat Water Market
Jul 17,2019 11:57CST
translation
Source:SMM
The price difference between Guangdong and Shanghai is maintained by traders in the flat water market.
The content below was translated by Tencent automatically for reference.

SMM July 17: early afternoon aluminum in the first month after the rise, this morning there are traders in Guangdong to 13830 yuan / ton trading, 10:00 after the market rose, spot prices are mostly concentrated in 13840 to 13850 yuan / ton, the discount in the current month 20 to 10 yuan / ton, Guangdong and Shanghai price difference maintained near Pingshui. Today, the trading between traders is still active, the market supply is sufficient, and the holder's willingness to ship is strong; the purchasing strength of downstream enterprises is weak, mainly because the off-season has arrived, and more on the price performance wait-and-see attitude, buy Xing is not high. On the whole, the spot of aluminum ingots in South China today is mainly traded by traders, and the activity of market transactions is basically flat compared with yesterday.

(SMM Li Hao 021 5166 6863)

"Click to view SMM historical price data

 

Noon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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