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[SMM midday review] East China Aluminum: the increase in shipments by shippers is high and the lower reaches are generally on the sidelines.
Oct 25,2019 12:02CST
translation
Source:SMM
[SMM midday review] East China Aluminum: the increase in shipments by shippers is high and the lower reaches are generally on the sidelines.
The content below was translated by Tencent automatically for reference.

SMM, 25 Oct:

Aluminum concussion fell by noon of the month. In the morning, the spot price in Wuxi area of Shanghai is between 13990-14000 yuan / ton. With the decline of aluminum in the future, the spot price has dropped to 1397013980 yuan / ton, and the price has remained around 100-110 yuan / ton. The price is basically flat compared with yesterday, and the spot price in Hangzhou is between 13990-14000 yuan / ton. In the morning, a large customer took the lead in receiving the goods, the quotation was relatively high, the holder approved and actively shipped the goods, the aluminum price fell back in the second trading stage, the shipper's shipping enthusiasm did not decrease, but the quotation was relatively strong, the rising water remained stable, and the middleman actively received the goods, but the two sides still showed a stalemate in the transaction. Downstream today is still on-demand procurement, fear of heights is obvious, and did not show weekend stock sentiment. The overall transaction in East China was normal today.

(Xu Man 021-51595898)

 

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