[SMM afternoon Review] East China Aluminum: aluminum prices rose too fast in the later period, and market transaction activity dropped rapidly.

Published: Jul 30, 2019 11:50

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SMM, July 30 / PRNewswire-Asianet /-

Aluminum opened slightly lower in the month, with a sharp rise in the second trading range at the end of the day. In the early stage, the spot price of aluminum ingots in Wuxi and Shanghai was between 13890 and 13910 yuan / ton, about 10 yuan / ton on the flat surface, 30 yuan / ton higher than yesterday, and the price in Hangzhou was between 13910 and 13930 yuan / ton. In the morning, a large receiving price is more recognized by the holder, the holder is active, the middleman is active, and the aluminum price rises rapidly after 11: 00. Although the market holder still has an offer at a high price, it is concentrated in the vicinity of 13920 to 13930 yuan / ton, and the flat surface of the plate is near 10 yuan / ton, but the transaction activity drops rapidly at this time, and the receiver is afraid of high, but there is no deal. Downstream on-demand procurement today, there is no obvious receipt of goods, the response is mediocre. The overall transaction in East China today was all right.

(Xu Man 021 51595898)

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