[SMM afternoon Review] South China Aluminum: there is a resurgence of wait-and-see sentiment downstream with greater fluctuations in the surface of the aluminum disk in the early afternoon.

Published: Jul 26, 2019 12:02

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In the early stage, the aluminum disk fluctuated greatly and the wait-and-see mood rose again.

SMM July 26: early afternoon aluminum first Yang and then suppress, this morning Guangdong aluminum ingot spot current ticket transaction price of 13930 to 13940 yuan / ton, and then the transaction price is concentrated in 13920 to 13930 yuan / ton, Guangdong and Shanghai price difference is near Pingshui. Before the close, there were a small number of quotations around 13900 yuan / ton, with very few transactions. The absolute price rose today and the market fluctuated greatly before noon, and the holders were more willing to ship the goods, but the middlemen and the local downstream showed obvious wait-and-see sentiment, and the downstream purchasing volume was sufficient from Tuesday to Thursday. On the whole, the spot of aluminum ingots in South China today is mainly traded by traders, and the transaction is not as good as yesterday.

(SMM Li Hao 021 5166 6863)

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