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Aluminum market summary: London aluminum inventory rose for three consecutive trading days to show weak demand, overnight London aluminum fell $14, the market is doubtful about the Sino-US trade agreement, investors are not highly motivated to enter the market, it is expected that aluminum will continue to fall
today.
Aluminum bottomed out slightly in the early afternoon
.
Today's Guangdong market quotation is more chaotic, in the morning I heard that a very small amount of 13970 yuan / ton transaction, the subsequent aluminum price performance rise, the market trading price concentrated around 14000-14010 yuan / ton, as of 11 o'clock, Guangdong-Shanghai price difference fell to 40 yuan / ton
.
On the whole, today's market trading is average, because the price fell compared with yesterday, so the downstream and middleman received slightly more than yesterday, the increase is not obvious
.
Aluminum maintained range-bound
volatility until noon of the month.
In the morning, the spot quotation in Shanghai Wuxi market and the two places is mostly concentrated between 14010-14040 yuan / ton, the opposite plate premium is around 30 yuan / ton, after 11:00 the plate is slightly up, the spot price began to be concentrated between 14040-14060 yuan / ton, the opposite plate premium between 30-50 yuan / ton, a small amount of spot price around 14070 yuan / ton, the spot price fell from yesterday around 140 yuan / ton, and the spot price in Hangzhou area was between 14060-14080 yuan / ton
。 Today's holders' quotations are more chaotic, although the middlemen receive goods positively, but due to the large fluctuation of spot prices, the transaction between buyers and sellers is slightly deadlocked, and because the National Day holiday is approaching, the sentiment of traders market makers is not strong, and the trading activity is not as good as at the beginning of the
week.
In addition, due to the sharp decline in prices, coupled with the demand for National Day warehouses, some pre-holiday stocks downstream today
.
The overall transaction in East China today is acceptable
.