[SMM midday review] South China Aluminum: middlemen have a strong willingness to receive goods, and the market is rich in supply.

Published: Oct 18, 2019 12:03

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Middlemen have a strong willingness to receive goods, the market is rich in supply.

SMM, Oct. 18: aluminum in the early afternoon concussion downward that month. This morning, the market transaction price concentrated in 13960-13970 yuan / ton, aluminum performance in the late opening period fell back, the market spot transaction price fell to 13950-13960 yuan / ton, Guangdong and Shanghai price difference in the post 50 yuan / ton. Recently, the supply of goods in Guangdong market is more abundant than that in East China, and it is difficult to find the support of rising local prices. Due to the absolute price correction, the shippers' willingness to ship today has slightly converged, and the middlemen's willingness to receive goods has increased. Downstream basic on-demand procurement, there is no bright spot. On the whole, the spot trading of aluminum ingots in South China today is basically flat compared with yesterday, and the transaction is fair.

(SMM Li Hao 021-5166 6863)

Comparison of Price difference between Guangdong and Shanghai of Aluminum Ingot

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