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[SMM midday review] East China Aluminum: aluminum prices return after the festival can be replenished downstream by a small increase in aluminum prices.
Oct 8,2019 12:11CST
translation
Source:SMM
[SMM midday review] East China Aluminum: aluminum prices return after the festival can be replenished downstream by a small increase in aluminum prices.
The content below was translated by Tencent automatically for reference.

SMM, 8 Oct:

Aluminum in the early afternoon of the month in the first trading phase of the ups and downs, the second trading phase remained low volatility. The spot quotation in Shanghai Wuxi market is mostly between 14060-14080 yuan / ton, 40-50 yuan / ton, the spot price is about 60 yuan / ton before the festival, and the spot price in Hangzhou is 1408014100 yuan / ton. Today is the first spot transaction day after National Day, the morning holdings are not much, the market supply is tight, the middleman is willing to accept the goods, the holder is more high price, the buyer and seller can conclude the transaction, after 11: 00, the supply becomes loose, but at this time the transaction heat becomes weak, the holder quotation is slightly reduced. Downstream manufacturers can replenish goods after the festival, but there is still a certain gap compared with the expected large number of purchases. East China as a whole closed well today, but showed a slight stalemate.

(Xu Man 021-51595898)

 

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