[SMM afternoon Review] East China Aluminum: spot prices fell by more than 100 percent and the number of recipients increased significantly compared with yesterday.

SMM, June 28 / PRNewswire-Asianet /-

Aluminum trading shock fell back at the opening of the month. In the morning, the spot transaction price in the Wuxi market in Shanghai was between 1378 yuan and 13790 yuan / ton. With the announcement of the online price, the market evaluation was lower than the psychological price, and the actual spot price began to rise slightly, focusing on 13800 yuan / ton to 13810 yuan / ton. The spot price in Hangzhou was between 13830 and 13840 yuan / ton. Today, prices are lower, shippers' willingness to ship at low prices is converging, traders and middlemen are more willing to receive and replenish goods, market recipients are significantly increased, trading is more active, and prices are strong. Downstream due to weekend stock superimposed approved low prices, today's procurement is significantly higher than yesterday. Today, the overall transaction in East China is better.

(Xu Man 021 51595898)

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