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Home / Metal News / [SMM afternoon Review] South China Aluminum: downstream wait-and-see mood is strong and the overall transaction is poor.

[SMM afternoon Review] South China Aluminum: downstream wait-and-see mood is strong and the overall transaction is poor.

iconJul 29, 2019 11:49
Source:SMM
The downstream wait-and-see mood is strong and the overall transaction is poor.

SMM July 29: early in the afternoon aluminum shock down, this morning Guangdong transaction prices concentrated in 13860-13870 yuan / ton, Guangdong-Shanghai price difference maintained near Pingshui. Today's trading enthusiasm among traders is not as enthusiastic as last Friday, the local downstream processing enterprises due to the fall in futures prices significantly wait and see, and last week ample stock, today received few goods. On the whole, the spot trading of aluminum ingots in South China today is dominated by traders, and the transaction is poor.

(SMM Li Hao 021 5166 6863)

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