February 18 aluminum market afternoon comment

In the early afternoon, aluminum ran in a narrow range of the month, and the trading price in the Guangdong market today was concentrated at 13440-13450 yuan / ton, and the average price of the month was discounted by 10 yuan / ton to Pingshui, and the price difference between Guangdong and Shanghai expanded to around
60 yuan / ton.
Today, Chalco received more than 7,000 tons of goods in South China, although downstream processing enterprises have started work one after another, but most of them are still digesting the Spring Festival inventory, and the purchase volume is still small, so today's transaction is still dominated by traders trading, and the overall transaction in the Guangdong market is flat
.

Aluminum maintained range-bound
volatility until noon of the month.
Shanghai mainstream transaction price in 13380 ~ 13390 yuan / ton transactions, the mainstream transaction price from last Friday increased by nearly 60 yuan / ton, spot on the month began to stick 60 ~ 50 yuan / ton, after the month of the basis has widened, Wuxi transaction price concentrated 13380 ~ 13390 yuan / ton, Hangzhou transaction price concentrated between
13380 ~ 13400 yuan / ton.
The market circulation is sufficient, some holders have a low price in the hands of stockpiling, today's shipment willingness is strong, Chalco today East China purchased more than 9,000 tons, under its leadership, traders and middlemen trading active
.
Because most of the downstream manufacturers have started work, out of the impact of holiday factors, today basically returned to normal receiving state
.
On the whole, the overall transaction in East China today is acceptable
.