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[SMM afternoon Review] East China Aluminum: spot prices rose for two days in a row, market activity fell
Jul 26,2019 11:54CST
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Source:SMM
[SMM afternoon Review] East China Aluminum: spot prices rose for two days in a row, market activity fell
The content below was translated by Tencent automatically for reference.

SMM, July 26 / PRNewswire-Asianet /-

Aluminum in the month of the opening shock upward, the second trading range center of gravity fell back. In the morning, the spot price of Wuxi in Shanghai was between 13930 and 13940 yuan / ton, about 10 yuan / ton on the flat surface, about 50 yuan / ton higher than yesterday, and the aluminum decreased after 10: 30. The market price gradually concentrated between 13900 and 13920 yuan / ton, and the price in Hangzhou was between 13940 and 13960 yuan / ton, and the price in Hangzhou area was between 13940 and 13960 yuan / ton. The market price was gradually concentrated between 13900-13920 yuan / ton, and the market price was gradually concentrated between 13900-13920 yuan / ton, and the price in Hangzhou was between 13940 and 13960 yuan / ton. Today, aluminum prices have risen for two days in a row, and the market was still active due to the receipt of goods by a large household in the morning, but with the suspension of its receipt, trading between traders began to show a stalemate. As a result of the price rebound, the holder shipment is very active and the middleman is willing to accept the goods convergence, the market shows more and less. Downstream due to a few days ago has been part of the stock, superimposed today's fear of high sentiment is obvious, today did not show signs of weekend stock. The overall transaction in East China today was all right.

(Xu Man 021 51595898)

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