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Aluminum market summary: the continuous rise in aluminum inventory put pressure on aluminum prices, overnight Lun aluminum fell $15, Sino-US trade relations are uncertain, market risk aversion is heating up, investors maintain cautious wait-and-see, it is expected that aluminum will rise and fall today
.
Aluminum maintained a narrow range until noon that month
.
The spot quotation in Shanghai and Wuxi markets is between 13930-13950 yuan / ton, which is nearly 30 yuan / ton higher than yesterday, and the discount on the current month's plate continues to expand to 270-250 yuan / ton, and the next month's premium is around 100 yuan / ton, and the spot price in Hangzhou is between
13950-13970 yuan / ton.
Due to the approaching monthly delivery and the price at a relatively low level, the shipment efforts of the holders have converged compared with the previous two days, and the middlemen are still very active in receiving goods at low prices, and the trading between the two sides is acceptable, but the market is still not as hot as the previous two weeks
due to the lack of participation of large households.
Downstream procurement is mainly on-demand today, and the receipt of goods is mediocre, without much bright spots
.
East China's overall transaction today is average
.
