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

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

iconJul 31, 2019 11:47
Source:SMM
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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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