[SMM afternoon Review] East China Aluminum: spot prices soar on Friday and wait-and-see reserve sentiment is not high in the lower reaches of the river.

Published: Jul 19, 2019 11:56

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SMM, July 19 / PRNewswire-Asianet /-

Aluminum opened the month with a concussion in the range and sank slightly in the second stage of trading. In the morning, the transaction price between Shanghai and Wuxi was between 13910 and 13920 yuan / ton, and the price was about 20-10 yuan / ton, which was about 75 yuan / ton higher than yesterday's price. The transaction price in Hangzhou was between 13920 and 13940 yuan / ton. A large household received some goods in Shanghai and Wuxi near 13920 yuan / ton in the morning. The aluminum in the second trading area dropped slightly, and the trading between market traders was more active. The price is concentrated between 13890 and 13910 yuan / ton, and the surface discount is 20-10 yuan / ton. Today, at high prices, the shipowners are very active in shipping, and some hedge middlemen are also more willing to receive the goods, but on the whole, they still offer more and receive less. Downstream today's performance is general, although near the weekend, but the fear of high mood is obvious, the enthusiasm of stock is not high. The overall transaction in East China today was flat yesterday.

(Xu Man 021 51595898)

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