[SMM afternoon Review] South China Aluminum: the price difference between Guangdong and Shanghai due to aluminum shock in the early afternoon has widened compared with the previous day.

2019-08-28

SMM August 27th news: early afternoon aluminum month shock upward. At the beginning of trading, a small amount of transactions were traded at 1429014300 yuan / ton; subsequently, the price of aluminum futures rose, with 14300 to 14320 yuan / ton from 10:30 to 11:00, and 45 to 50 yuan / ton for the same month; after 11:00, the spot price continued to rise with the aluminum futures price, mostly concentrated in 14310 to 14340 yuan / ton, and the actual transaction price was 14310 to 14320 yuan / ton. In the afternoon, the price difference between Guangdong and Shanghai gradually expanded to 20 yuan / ton from Pingshui. On the whole, the spot circulation of aluminum ingots in South China today is mainly traded by traders, and there is a lot of rigid demand procurement downstream, and the transaction is OK.

(SMM Li Hao 021 5166 6863)

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