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[SMM midday review] South China Aluminum: Guangdong slightly narrowed the market trading stalemate on Shanghai discount
Oct 31,2019 11:51CST
translation
Source:SMM
Guangdong slightly narrowed the market trading stalemate on Shanghai discount.
The content below was translated by Tencent automatically for reference.

SMM October 31: early afternoon aluminum in the first stage of suppression and then rise, the second stage of horizontal disk-based. Morning market a small amount of 13880-13890 yuan / ton transaction, followed by aluminum prices downward, buyers and sellers offer more stalemate, the holder is more willing to offer, but the middleman pick up the goods slightly wait and see, the market transaction price dropped slightly to 1387013880 near, the price difference between Guangdong and Shanghai in the same month is 80 yuan / ton. On the whole, the spot circulation of aluminum ingots in Guangdong today is not as good as yesterday.

(SMM Li Hao 021 5166 6863)

Comparison of Price difference trend between Guangdong and Shanghai for Aluminum Ingot

"Click to view SMM historical price data

 

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