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[SMM midday review] East China Aluminum: spot rising Water floating Market receives more and less holders show regret for Sale
Oct 15,2019 12:11CST
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Source:SMM
[SMM midday review] East China Aluminum: spot rising Water floating Market receives more and less holders show regret for Sale
The content below was translated by Tencent automatically for reference.

SMM, 15 October:

Aluminum in the early afternoon of the month before the first trading stage to maintain a wide range of volatility, the second trading stage all the way up. In the morning, the spot transaction prices of the two places in Shanghai Wuxi market are mostly concentrated in the range of 13780-13790 yuan / ton, the price is about 20-30 yuan / ton, the price is basically the same as yesterday, the price in Hangzhou is between 13800-13820 yuan / ton, as the aluminum first suppresses and then rises, the spot price in Shanghai and tin begins to concentrate in 13790-13810 yuan / ton. Today, the market supply is tight, the morning market transaction is more active, buyers and sellers have a higher trading enthusiasm, with the rise of aluminum futures, the holder began to cherish the sale, although the middleman has a strong willingness to accept the goods, but at this time it is more difficult to close the transaction at a preferential price, the two sides began to deadlock, less and more. Downstream manufacturers today mainly go on demand, some downstream have the willingness to purchase, but due to the reduction in shipments at the later stage of the shippers, the actual transactions between the two sides are not much.

(Xu Man 021-51595898)

 

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