September 17 aluminum market afternoon review

Aluminum futures maintained range fluctuations
until noon of the month.
In the morning, Shanghai Wuxi market two places of the holder quotation between 14340-14350 yuan / ton, the opposite plate premium of about 40 yuan / ton, the transaction is not much, after 10:30 the market quotation of the two places is concentrated between 14320-14340 yuan / ton, the opposite plate premium between 20-40 yuan / ton, the spot price fell nearly 70 yuan / ton compared with yesterday, so far the aluminum price has fallen for three consecutive working days, Hangzhou spot price today between 14340-14350 yuan / ton
。 The morning transaction is general, after 10:30, the market trading atmosphere gradually rises, the middlemen are highly motivated to receive goods today, the holders are reluctant to sell, there are not many shipments, and the two sides are actively
trading.
Downstream manufacturers are more recognized for the price today, and there is a certain replenishment demand after the superimposed holiday, and the procurement is more active
.
Overall, East China is trading better today, and the market's view of the short-term future market is still strong
.

In the early afternoon, aluminum first fell and then rose, fluctuating
in the range of 14265~14330 yuan / ton.
Today's Guangdong market transaction price is concentrated at 14350-14360 yuan / ton, for the month around 60 yuan / ton, Guangdong-Shanghai price difference maintained at 20 yuan / ton
.
Due to the continuous decline in prices, the large shipment actions of cargo holders have converged compared with previous days, and even slightly hesitated to sell, the willingness of middlemen and downstream enterprises to receive goods has increased, and some downstream enterprises have certain inventory reserves
.
On the whole
, today's spot trading of aluminum ingots in South China is dominated by traders, and the market transaction is acceptable.