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[SMM midday review] East China Aluminum: the supply of goods is tight and the overall transaction of the market is mediocre.
Oct 9,2019 12:09CST
translation
Source:SMM
[SMM midday review] East China Aluminum: the supply of goods is tight and the overall transaction of the market is mediocre.
The content below was translated by Tencent automatically for reference.

SMM, 9 October:

Aluminum in the early afternoon trading range volatility, the second stage of trading briefly stabilized after the plunge. In the morning, Shanghai Wuxi market spot quotation is mostly concentrated in 1406014070 yuan / ton, the disk water 30 yuan / ton, a small amount of spot transaction in the vicinity of 14075 yuan / ton, 10: 30 with the release of aluminum, the market quotation began to concentrate in 14040-14060 yuan / ton, the rising water near 3040 yuan / ton, the price is basically flat compared with yesterday, the spot price in Hangzhou is 1407014090 yuan / ton. This morning the transaction is OK, the middleman receives the goods actively, the holder makes an offer while the active shipment, the two sides close the deal is OK, as the aluminum price plunges downward, the market wait and see mood rises gradually, although the holder continues to make an offer to the surface, but the actual transaction heat has not been early. Downstream manufacturers today on-demand goods-based, there is no obvious bright spot in the receiving status. The overall transaction in East China was normal today.

(Xu Man 021-51595898)

 

Quotation
aluminum ingots
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