[SMM midday review] South China Aluminum: traders' willingness to ship has increased compared with the convergence of downstream procurement efforts in previous days.

Published: Sep 17, 2019 12:02

Save

The willingness of traders to ship goods has increased compared with the convergence of downstream procurement in previous days.

SMM, Sept. 17: aluminum in the early afternoon first suppressed and then rose that month, fluctuating in the range of 1426514330 yuan / ton. Today's Guangdong market transaction prices concentrated in 14350-14360 yuan / ton, for the month in the rising water 60 yuan / ton, Guangdong and Shanghai price difference maintained at 20 yuan / ton. As a result of the continuous decline in prices, the shippers of large shipments have converged compared with the previous days, or even slightly cherish the sale, middlemen and downstream enterprises have increased their willingness to receive goods, and some downstream enterprises have a certain reserve behavior. On the whole, today's spot trading of aluminum ingots in South China is dominated by traders, and the market is still available.

(SMM Li Hao 021-5166 6863)

"Click to view SMM historical price data

"Click online to sign up for the Seventh Aluminum processing Summit in China"

Afternoon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 hours ago

High-Level Consolidation in Secondary Aluminum[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]

[[Weekly Review of Aluminum Scrap and Secondary Aluminum]]Secondary Aluminum Market Consolidated at High Levels, Intensifying the Tug-of-War Between Cost Support and Weak Demand

14 hours ago

China's Secondary Aluminum Alloy Ingot Inventory Down 8,540 mt, Continues Destocking Trend

[SMM Aluminum Market Bulletin] According to SMM statistics, the social inventory of secondary aluminum alloy ingots in China’s major consumption regions decreased by 8,540 mt from last Thursday today, extending the destocking trend.

14 hours ago

SHFE Cast Aluminum Alloy Warrants Rise to 32,723 MT, Regional Changes Noted

[SMM Flash News] SHFE data showed that as of April 2, the total registered volume of cast aluminum alloy warrants was 32,723 mt, an increase of 111 mt from the previous trading day. By region, the total registered volumes were Shanghai (1,942 mt, unchanged), Guangdong (13,566 mt, down 214 mt), Jiangsu (3,331 mt, up 627 mt), Zhejiang (9,044 mt, down 302 mt), Chongqing (3,634 mt, unchanged), and Sichuan (1,206 mt, unchanged).

14 hours ago