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Aluminum market summary: Sino-US trade doubts caused market unease, overnight aluminum shock after stabilization, closing at $1751; The market supply has increased, but the demand of downstream enterprises is not good, and the receipt of goods is flat, and it is expected that aluminum will not rise or fall much
.
In the early afternoon, the first stage of aluminum first fell and then rose, and the second stage was mainly sideways
.
In the morning market, a small amount of 13880-13890 yuan / ton was traded, and the subsequent aluminum price fell, the buyers and sellers quoted more deadlocked, and the holders were more willing to hold the price, but the middleman received the goods a little wait-and-see, the market transaction price slightly fell to around 13870-13880, and the price difference between Guangdong and Shanghai was 80 yuan / ton
for the month.
Overall, today's spot circulation of aluminum ingots in Guangdong is not as good as yesterday
.
Aluminum maintained range-bound
volatility until noon of the month.
The spot price in Wuxi, Shanghai is between 13950-13970 yuan / ton, the opposite plate premium is around 70-80 yuan / ton, the spot premium is nearly 20 yuan / ton lower than yesterday, the spot price is 40 yuan / ton lower than yesterday, and the spot price in Hangzhou is between
13960-13970 yuan / ton 。 Today, a large account maintains the rhythm of receiving goods, because the holder considers the complicated transaction process with it, and its own month-end fund settlement pressure is greater, so it does not actively ship to it, more inclined to trade with other middlemen, and the willingness to raise prices has converged compared with previous days, other middlemen are still actively receiving goods, and the transaction between buyers and sellers is acceptable
.
Downstream procurement is mainly on-demand today, with a small amount of stocking, and there is not much bright spot
.
East China's overall transaction today is average
.