[SMM afternoon Review] South China Aluminum: more and less Trading in Guangdong-Shanghai Price difference Market

Published: Jul 31, 2019 11:47
The price difference between Guangdong and Shanghai is small and there is more and less trading in the market.

SMM July 31 news: early afternoon aluminum first suppression and then rise, the first trading stage of Guangdong spot aluminum ingot transaction price concentrated in 13880 to 13890 yuan / ton, the second trading stage of aluminum prices rose to 13890 to 13900 yuan / ton, Guangdong and Shanghai price difference slightly reduced to 20 yuan / ton discount. This morning, the shipping enthusiasm of the shipowners was flat compared with yesterday, and the middlemen received more than yesterday; the local downstream processing enterprises were mainly on demand or wait-and-see, and the purchasing strength was average. On the whole, the spot trading of aluminum ingots in South China today is OK.

(SMM Li Hao 021 5166 6863)

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[SMM afternoon Review] South China Aluminum: more and less Trading in Guangdong-Shanghai Price difference Market - Shanghai Metals Market (SMM)