[SMM afternoon Review] East China Aluminum: traders are enthusiastic in the afternoon. East China as a whole has a better deal.

Published: Jul 18, 2019 11:57

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SMM July 18 News:

Aluminum opening performance of the month range concussion, shock upward in the afternoon. In the morning, a large household around 13820 yuan / ton received more than 8, 000 tons in Shanghai and Wuxi. With the increase in aluminum futures, the spot price began to rise, starting to focus on 13830 yuan / ton and between 10 yuan / ton and 10 yuan / ton, which is basically the same as yesterday's price. Hangzhou transaction price is between 13850 yuan and 13860 yuan / ton. In the morning, the holders were very active in shipping, but there was a slight stalemate. In the second stage of the transaction, the number of middlemen receiving goods increased significantly, and the trading between buyers and sellers was active. Downstream today is still on-demand procurement, a small amount of stock and no bright spots. East China today as a whole, the transaction is better.

(Xu Man 021 51595898)

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