October 17 aluminum market noon comment

Aluminum shock operation
in early afternoon.
In the morning, the transaction price in the Guangdong market was concentrated at 13920 yuan / ton, and the transaction was rare; Subsequently, traders were more willing to receive goods, raising the spot price to 13930-13940 yuan / ton, and the enthusiasm of holders to ship was also higher under the background of higher absolute prices, but because the trading activity in East China was better than that in Guangdong, and the supply of goods in Guangdong was slightly loose, the price difference between Guangdong and Shanghai was slightly expanded to 40 yuan / ton
.
Today's downstream pick-up is still dominated by just-needed procurement, and there are no bright spots
.
On the whole, the spot trading of aluminum ingots in South China today is better
.

Aluminum maintained range-bound
volatility until noon of the month.
In the morning, due to the tight supply of circulating goods, the holders did not ship much, the market quotation was chaotic, concentrated between 13960-13990 yuan / ton, but the actual transaction was not much, traders had more wait-and-see, a large household received a small amount of goods at a price of 13950 yuan / ton in the morning, after 10:30, the market transaction price was stable around 13970-13990 yuan / ton, and the opposite plate premium was between 60-80 yuan / ton, the premium was nearly 40 yuan / ton from yesterday, and the absolute price was up 90 yuan / ton from yesterday.
Although the large customers subsequently raised their quotations, the planned purchase volume was not full
.
The price in Hangzhou is between 13980-13990 yuan / ton, and the transaction is general
.
Under the high prices in Shanghai and tin in the later period, the shipments of holders increased, but the willingness to raise prices was strong, the willingness of middlemen to receive goods was strong, and the trading between the two sides was active
.
Today's SMM statistics that the national mainstream consumption of electrolytic aluminum inventory fell by more than 60,000 tons compared with last Thursday, the market is expected to continue to destock, the market supply has become tight, the past two days of receiving goods is very positive, and some traders feedback that the national VAT system upgrade at the end of the month will affect the issuance of monthly tickets, because of the consideration of invoicing and long-term delivery, tend to hurry up the purchase of the month's tickets
.
Downstream manufacturers are mainly on-demand today, and traders do not have many bulk goods downstream, mostly delivering other traders for transactions or downstream long orders
.
East China has a better overall transaction today
.