[SMM midday review] South China Aluminum: market trading sentiment is basically flat compared with yesterday, mainly downstream on demand

SMM, Oct. 29: aluminum in the early afternoon of the month hesitated to maintain a narrow range of shocks. At the beginning of the opening session, Guangdong market prices concentrated in 13840-13850 yuan / ton, and then aluminum prices rebounded slightly, and the market transaction price rose to 13850-13860 yuan / ton. In the same month, the price difference between Guangdong and Shanghai was further reduced to 100 yuan / ton. Trading sentiment in Guangdong today is basically flat compared with yesterday, the market is willing to receive goods, mainly downstream on demand. On the whole, the spot trading of aluminum ingots in South China today is OK.

(SMM Li Hao 021-5166 6863)

Comparison of Price difference between Guangdong and Shanghai of Aluminum Ingot

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