[SMM afternoon Review] East China Aluminum: spot prices fall faster in the early afternoon and trading is poor in the market.

SMM, June 13 / PRNewswire-Asianet /-

Aluminum futures floated at the start of the month, with a larger decline in the second stage of trading. Before 11:00 in the morning, the trading price in Wuxi was concentrated between 14040 and 14050 yuan / ton, and the rising water on the plate surface was about 10 yuan / ton. After 11:00, the spot price dropped rapidly, and the spot price began to fall between 14020 and 14040 yuan / ton. The rising water on the plate was between 10 yuan and 20 yuan / ton, a small amount of spot price was around 14010 yuan / ton, and the transaction price in Hangzhou was between 14060 yuan and 14080 yuan / ton. In the early stage, a large household purchased more than 10,000 tons in East China, and the holders shipped actively. Although the traders offered each other actively but compared the prices with each other, the actual transaction was average. After 11:00, due to the rapid decline in prices, the market trading atmosphere became lighter, and the wait-and-see mood was prominent. At this time, the actual trading volume is less. Downstream today to receive goods is not much, procurement enthusiasm is not high. Today, the overall transaction in East China is poor.

(Xu Man 021 51595898)

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