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[SMM midday review] South China Aluminum: aluminum prices rise, shipments increase, spot transactions weaken
Apr 7,2020 11:56CST
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Source:SMM
Aluminum prices rise, shipments increase, spot transactions weaken
The content below was translated by Tencent automatically for reference.

SMM4, July 7:

The trend of aluminum in the period is on the strong side. In the morning, the spot market in South China quotes too much, the inquiry reception is limited, the low price supply is not many, the big customer has the purchase receipt, the transaction price is in 11650-11670 yuan / ton; after the suspension futures narrow range adjustment, the holder quotation change is not big, the circulation supply is abundant, the mainstream transaction price is in the vicinity of 11660 yuan / ton. The spot price in Guangdong and Shanghai fell slightly to 30 yuan 40 yuan per ton. Inventory in Guangdong fell to around 400000 tons over the weekend, aluminum prices rose and the spread remained stable, with spot sales between + 10 and 20.

(SMM Child Forest 075785511521)

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