[SMM midday review] East China Aluminum: downstream manufacturers prepare a small amount of goods on Friday, East China as a whole, the deal is OK.

SMM, 11 Oct:

Aluminum in the early afternoon of the month in the first trading stage wide volatility, the second trading session fell sharply. In the morning, the spot transaction prices of the two places in Shanghai Wuxi market are mostly concentrated in the range of 13960-13980 yuan / ton, and the price is about 20-30 yuan / ton, which is 20 yuan / ton lower than that of yesterday. In the morning market, large customers receive goods actively, receive more than 10,000 tons at more recognized prices in the morning, the shippers are more active, the two sides are active in trading, and the spot price in Hangzhou is between 1397013990 yuan / ton. As the aluminum price falls, The holder quotation began to concentrate in 13940-13950 yuan / ton, the disk rose 30 yuan / near, but because the aluminum price fell faster, the holder constricted shipment, some middlemen also began to wait and see, the market transaction heat turned weak, at this time the transaction was less. Due to the approach of the weekend, downstream manufacturers have a small amount of stock today, but still not as expected. The overall transaction in East China is OK today.

(Xu Man 021-51595898)