[SMM midday review] South China Aluminum: shippers' willingness to ship slightly converges downstream in general

SMM, Oct. 21: aluminum in the early afternoon concussion downward that month. Today, the transaction price in Guangdong market is concentrated in 13910-13930 yuan / ton. In the morning, the market price was concentrated in 13920-13930 yuan / ton, followed by aluminum leakage, the transaction price fell to 13910-13920 yuan / ton, the shippers' shipping enthusiasm decreased, the middlemen received the goods more actively, and the price difference between Guangdong and Shanghai was about 50 yuan / ton. Downstream today's procurement is mainly on-demand, because the price is higher, there is no substantial procurement behavior. On the whole, the spot circulation of aluminum ingots in South China today is general, mainly by traders.

(SMM Li Hao 021-5166 6863)

Comparison of Price difference between Guangdong and Shanghai of Aluminum Ingot

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