[SMM afternoon Review] East China Aluminum: the enthusiasm of low-priced middlemen for receiving goods has not been reduced, and the downstream procurement has converged.

Published: Jul 24, 2019 11:47

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SMM, July 24 / PRNewswire-Asianet /-

Aluminum trading in the month to the opening of the interval shock-based, the second trading phase of the center of gravity rose. The spot price between Wuxi and Shanghai is between 13770 and 13790 yuan / ton, and the price is around 10 yuan / ton, which is 10 yuan / ton lower than that of yesterday. The price in Hangzhou is between 13800 and 13810 yuan / ton. In the morning, the spot price between Shanghai and tin was around 13770 yuan / ton, and the spot price began to focus on 1378 to 13790 yuan / ton after 10: 30. As the aluminum price fell for three days in a row, the carrier's willingness to ship converged, while the middleman was active in replenishing goods at a low price, with more recipients than shippers, and the overall trading between traders was active. After 11: 00, the center of gravity of aluminium futures continued to rise, but at this time the trading activity was scattered, and the actual market quotation did not rise significantly. Downstream because of the previous two days have part of the stock, today on demand goods mainly, and did not purchase in large quantities. East China today as a whole, the transaction is better.

(Xu Man 021 51595898)

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