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Aluminum market summary: on Friday the rise of European and American stock markets to enhance investors' enthusiasm for long, the next week Lun aluminum rose $6, domestic economic data performed well, market sentiment picked up, it is expected that Shanghai aluminum today is strong shock, now aluminum or small rise
.
Aluminum opened high in the early afternoon, and the trading price of today's Guangdong market was concentrated at 13720-13740 yuan / ton, and the discount for the month was 10 yuan / ton, and the price difference between Guangdong and Shanghai narrowed to around
-10 yuan / ton.
Affected by the macro favorable sentiment, traders are more bullish on spot prices, with more inquiries and receivers, and the trading situation is stable compared with Friday; Downstream processing enterprises have reduced their demand for monthly tickets after the month change.
Today's spot circulation of aluminum ingots in South China is dominated by traders' trading, and the overall transaction is average
.
Aluminum fluctuated upward
before noon of the month.
Shanghai transaction price is between 13750 ~ 13760 yuan / ton, the current month discount 30 ~ discount 20 yuan / ton around, because today is the first day of the tax reduction policy, the premium narrowed, the transaction price fell by more than 170 yuan / ton compared with yesterday, Wuxi that month transaction price was between 13750 ~ 13760 yuan / ton, Hangzhou that month transaction price between 13750 ~ 13770 yuan / ton
.
Due to the rise in aluminum and the decline in spot prices, traders are enthusiastic about receiving goods, but the actual transaction is slightly
deadlocked.
Downstream Mondays basically purchased on demand and did not have obvious willingness to
stock up.
Today, the overall transaction in East China is acceptable
.