[SMM midday review] South China Aluminum: traders are more active in downstream rigid demand procurement

Published: Oct 17, 2019 12:11

Save

Traders trade more actively downstream rigid demand procurement

SMM, Oct. 17: aluminum oscillates in the early afternoon. In the morning, the transaction price in Guangdong market is concentrated in 13920 yuan / ton, and the transaction is rare; then the traders have a strong willingness to accept the goods, raising the spot price to 13930-13940 yuan / ton, the holder is also more enthusiastic in shipping under the background of higher absolute price, but because the trading activity in East China is better than that in Guangdong, and the supply of goods in Guangdong is slightly loose, the price difference between Guangdong and Shanghai is slightly expanded to 40 yuan / ton. Today, downstream delivery is still based on rigid demand procurement, there is no bright spot. 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

"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 for 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

5 hours ago

US PCE Price Index Rises 4.1% YoY in May, Core PCE Up 3.4%; Q1 GDP Growth Revised Up to 2.1%

The inflation indicator closely watched by the US Fed was officially released. According to data released by the US Commerce Department, the US PCE price index for May rose 4.1% YoY, the highest since April 2023; meanwhile, core PCE also rose 3.4% YoY, in line with market expectations and the highest since October 2023. In addition, the final annualized growth rate of US real GDP for Q1 was revised up to 2.1%, higher than the previous revision of 1.6%. Meanwhile, durable goods orders in May fell 4.5% MoM, the largest decline in nearly a year.

5 hours ago

US Strikes Iran in Response to Drone Attack on Cargo Ship in Strait of Hormuz

The US Central Command announced that US forces conducted strikes on Iran, responding to an earlier attack on a commercial vessel transiting the Strait of Hormuz. Specifically, Iran used one-way attack drones to target the cargo ship "Ever Lovely," after which US fighter jets struck Iranian missile and drone storage facilities and coastal radar stations. US President Donald Trump stated that Iran's drone attack in the Strait of Hormuz violated the ceasefire agreement. Separately, Hossein Mokhbi, spokesperson for Iran's Islamic Revolutionary Guard Corps, denied claims that Iran and the US have established a communication hotline concerning the Strait of Hormuz, calling the information purely fictitious.

5 hours ago

Jun 26, 2026 19:03

Overseas Aluminum Ingot Market Diverges: US Market Strong, While Japan and Thailand Are Weak [SMM Analysis]

Jun 26, 2026 19:03