[SMM midday review] East China Aluminum: aluminum prices rise higher market low buy high sell attitude wait and see

SMM, 21 Oct:

Aluminum all the way down by noon that month. The monthly quotation in Shanghai Wuxi market is between 13960-13980 yuan / ton, 7090 yuan / ton, the difference between next month and the current monthly ticket price is about 10 yuan / ton, and the spot price in Hangzhou is 1399014000 yuan / ton. The spot price is relatively high in the morning, the holder is active to ship the goods, under the background of the active receipt of the goods by the big customers, the trading between the traders is more active, with the aluminum down, the spot price falls back, the holder begins to cherish the sale, the shipment decreases, at this time the middleman's willingness to accept the goods begins to rise, the market begins to show a little more than the situation, because the transaction heat behind, at this time the two sides show a slight stalemate. Downstream manufacturers today on-demand procurement, a small amount of stock, because the price is still holding a wait-and-see attitude, today's replenishment enthusiasm is not high. East China as a whole, the deal is OK.

(Xu Man 021-51595898)