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[SMM midday review] South China Aluminum: traders are more active in downstream rigid demand procurement
Oct 17,2019 12:11CST
translation
Source:SMM
Traders trade more actively downstream rigid demand procurement
The content below was translated by Tencent automatically for reference.

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

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