[SMM afternoon Review] East China Aluminum: spot prices fell back on Monday and downstream replenishment increased significantly

Published: Jul 22, 2019 11:46

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SMM July 22 News:

The opening of aluminum in the current month is dominated by interval concussion. Today, the transaction price between Shanghai and Wuxi is between 13830 and 13850 yuan / ton, and the discount for the current month is about 20 to 10 yuan / ton, down more than 60 yuan / ton from Friday. The trading price of aluminum ingots in Hangzhou is between 13840 and 13860 yuan / ton. In the morning, a large household received nearly 10,000 tons in East China, the holder shipped more actively, because the price fell back middleman to receive the goods, the buyer and seller were active. Downstream last week due to fear of high wait-and-see overall procurement is not much, today's spot aluminum ingots high down, in a few days of consumption of raw materials inventory background, today's replenishment is more active. On the whole, the transaction in East China is better today.

(Xu Man 021 51595898)

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