[SMM midday review] South China Aluminum: the downstream procurement strength has slightly improved and the overall transaction is more active.

Published: Oct 23, 2019 12:13

Save

Downstream procurement has slightly improved the overall transaction is more active

SMM, Oct. 23: pre-noon aluminum horizontal plate finishing. Today, the transaction price of aluminum ingots in South China is concentrated in 13880-13890 yuan / ton, and the price difference between Guangdong and Shanghai is about 70-60 yuan / ton. Trading sentiment of traders today is basically flat compared with yesterday, downstream because of concerns about rising prices, some of today's stock, procurement efforts slightly stronger than the previous day. On the whole, the transaction 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

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

43 mins ago

Data: SHFE, DCE market movement (Sep 21)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 21 Sep , 2026

43 mins ago

1 hour ago

Alumina Deal at $354/mt or $357/mt FOB East Australia for Oct Shipment

Alumina transaction: On September 18, 2026, one alumina deal was concluded at $354/mt FOB East Australia for 30,000 mt, or $357/mt FOB East Australia for 45,000 mt, seller's option, October shipment.

1 hour ago

2 hours ago

ADC12 Market Prices Stable at 24,500 Yuan/mt; Tax Invoice Policies Impact Supply and Costs

[SMM Aluminum Alloy Flash] ADC12 market prices remained generally stable today, with SMM ADC12 prices holding steady at 24,500 yuan/mt from the previous trading day. Raw material prices saw limited fluctuations overall today, but as tax invoice policies are being enforced more strictly across multiple regions, enterprises face higher compliance requirements in procurement. The supply of invoiced aluminum scrap is relatively tight, keeping enterprises' comprehensive raw material procurement costs at elevated levels, with limited downside in the short term. Future price trends will require close attention to the progress of tax invoice policy implementation, changes in aluminum scrap supply, and downstream stockpiling ahead of the dual holidays.

2 hours ago