[SMM midday review] South China Aluminium: Guangdong and Shanghai Price difference discount further expand Market Trading is OK

Published: Oct 28, 2019 12:05

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The price difference between Guangdong and Shanghai can be further expanded in the market.

SMM, Oct. 28: aluminum in the early afternoon first suppressed and then rose that month. Before 10:30, the market transaction was mainly 1389013900 yuan / ton, then rebounded, and the market price rose, concentrated in 1390013910 yuan / ton. At the end of the month, most of the market was trading next month, and the price difference between Guangdong and Shanghai was further reduced to 90 yuan per ton. Today, the shippers' willingness to ship is basically flat compared with Friday, the market in the morning slightly wait and see, but the price rebound after the willingness to accept the goods increased significantly. Overall, aluminum ingots in South China can be traded 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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