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Aluminum market summary: Lun aluminum inventory decline support, overnight Lun aluminum rose $8, the market is worried that China's easing policy will end, the uncertainty of China's economic development hit investor confidence, it is expected that aluminum will fall
today.
In the early afternoon aluminum month slightly pullback, Guangdong spot morning a small amount of 14150 ~ 14160 yuan / ton transaction, due to a slight decline in the market, the mainstream trading price in the market concentrated in 14130 ~ 14140 yuan / ton, for the month of flat water, Guangdong-Shanghai price difference maintained near
flat water.
Today's traders' enthusiasm is slightly lower than yesterday, and the downstream of Guangdong is more on-demand procurement
.
On the whole, the spot circulation of aluminum ingots in South China is mainly traded by traders, and the transaction is acceptable
.
The first trading stage of aluminum is mainly range-bound, Shanghai trading price is between 14150 ~ 14160 yuan / ton, near the flat water of the opposite plate, with the rapid decline of aluminum in the second trading range, the market spot transaction price began to concentrate at 14120 ~ 14140 yuan / ton, the opposite flat water to 10 yuan / ton, down nearly 40 yuan / ton from yesterday, Wuxi transaction price between 14120 ~ 14140 yuan / ton, Hangzhou transaction price between 14150-14170 yuan / ton
。 Today's market has sufficient supply, but a large customer's receiving price market is difficult to recognize and the receipt volume is not much, the holder itself actively ships, while the receiver is still less than the shipper, and the actual trading activity of the two sides is not high
.
Spot prices fell, and the downstream did not show obvious willingness to stock up today, and there was still a wait-and-see mood, mainly for just need to purchase
.
Today, the overall transaction in East China is slightly worse
.