[SMM midday review] South China Aluminum: low prices drive downstream pick-up market transactions better than yesterday

Published: Oct 15, 2019 11:58 (GMT+8)

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The low price drives the downstream receiving market to close better than yesterday.

SMM, Oct. 15: aluminum rose in the early afternoon and fell back. Today, the price in Guangdong is concentrated in the vicinity of 1378013800 yuan / ton, and the price difference between Guangdong and Shanghai is 10 yuan / ton. Today, the holders slightly cherish the sale, strong willingness to offer; middlemen and downstream pick-up driven by low prices, procurement efforts increased compared with yesterday. On the whole, the spot circulation of aluminum ingots in South China today is better than yesterday.

(SMM Li Hao 021-5166 6863)

Comparison of Price difference between Guangdong and Shanghai of Aluminum Ingot

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Afternoon news

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