May 27 aluminum market afternoon comment

The opening of the month was dominated by narrow range fluctuations, and the second trading stage sank
slightly.
In the morning, the Shanghai trading price was around 14340-14350 yuan / ton, with the fall of aluminum, the Shanghai spot transaction price began to concentrate between 14320-14340 yuan / ton, the price rose by 100 yuan / ton from last Friday, the monthly premium 20~30 yuan / ton, Wuxi spot transaction price between 14320-14340 yuan / ton, Hangzhou transaction price between 14370-14380 yuan / ton
.
Today's market is full of supplies, Shanghai Wuxi holders are actively shipped, there are still more shippers than receivers, Hangzhou traders are a little hesitant to sell at a high price
.
Due to the sharp rise in aluminum prices, the downstream began to wait and see, but due to the need for replenishment on Monday, there was still some procurement
.
Today, the overall transaction in East China is better
.

In the early afternoon, aluminum rushed back down, and today's transaction price in Guangdong is concentrated at 14420-14440 yuan / ton, and the price difference between Guangdong and Shanghai is 100 yuan / ton
.
Today's traders are actively shipping goods, and the next month's ticket transaction is the mainstay; Due to the large fluctuations in the market, downstream enterprises in Guangdong have more performance on the sidelines or only purchase on demand, and their buying interest is not high
.
Overall, today's aluminum ingot spot market in South China is flat
.