April 16 aluminum market afternoon comment

East China Aluminum: Aluminum prices fluctuated
in the range after the upward shock before noon.
In the morning, Shanghai Wuxi area holder quotation between 11980-11990 yuan / ton, compared with yesterday's price rose around 120 yuan / ton, after 10:30 the quotation concentrated between 12010-12030 yuan / ton, the opposite plate surface discount 10-liter water 10 yuan / ton, Hangzhou area holder quotation around 11910-11920 yuan / ton
。 Morning holders shipments are more active, middlemen receive goods generally, with the rise of aluminum prices, coupled with a large market receipt price is better, the overall market quotation up, at this time the holder shipment convergence performance wait-and-see, although the middleman actively receives goods but at this time it is more difficult to trade
.
The downstream is mainly receiving goods on demand today, because the price of aluminum rose significantly in the afternoon, and the enthusiasm of downstream procurement was suppressed
to a certain extent.
The overall transaction in East China before noon was better
.

South China Aluminum: Aluminum rose continuously and stood firm
.
In the morning, shipments in the South China spot market increased, low-priced sources traded well, large households received goods at high prices, and mainstream transactions were concentrated in the range of 12050-12060 yuan / ton; After the suspension of trading, futures fluctuated in a narrow range, traders actively adjusted prices and shipments, and the transaction remained in the range of 12050-12060 yuan / ton
.
The spot price difference between Guangdong and Shanghai is 40-50 yuan / ton
.
The arrival of goods is less and the outbound situation is high, the situation of destocking does not change, the downstream just needs to stock, and the spot is around 40 yuan / ton for the 05 contract
.