[SMM midday review] South China aluminum: active market trading, active middlemen receiving goods

Published: Oct 16, 2019 12:10

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Active market trading, active middlemen, active receiving of goods.

SMM October 16: early afternoon aluminum month shock upward. The transaction price in Guangdong was concentrated in the morning at 13850 yuan / ton, and then futures rose, pushing up the spot price to 13860-13870 yuan / ton, and the price difference between Guangdong and Shanghai was 30 yuan / ton. Today's aluminum prices rose after the current month, shipments were flat compared with yesterday, middlemen received the goods more actively, but the downstream is still mainly on-demand procurement, and there is no sign of substantial stock. On the whole, the spot trading of aluminum ingots in South China is better today.

(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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