[SMM midday review] South China Aluminum: Guangdong has a strong wait-and-see mood for the further expansion of Shanghai discount water downstream.

Published: Oct 25, 2019 11:57

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Guangdong has a strong mood of wait and see downstream of the re-expansion of Shanghai discount to Shanghai.

SMM October 25: early afternoon aluminum concussion downward that month, the tail rebounded slightly. Today, Guangdong is affected by the upgrading of the VAT system, the transaction of monthly tickets is rare, the price of monthly tickets in the morning is concentrated in 13910-13920 yuan / ton, and with the concussion of aluminum prices falling, the price drops to 13880-13910 yuan / ton, and the price difference between Guangdong and Shanghai is around 70 yuan / ton. Today, traders receive more and less, downstream procurement significantly weakened, wait-and-see mood is strong. On the whole, the transaction of aluminum ingots in South China is poor 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

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