[SMM midday review] East China Aluminum: aluminum prices fall back Today is better than yesterday

SMM, 29 Oct:

Aluminum in the current month before noon to maintain interval fluctuations. The spot price in Wuxi area of Shanghai is between 13940-13960 yuan / ton, and the rising water is about 90-100 yuan / ton, the price is nearly 40 yuan / ton compared with yesterday, and the spot price in Hangzhou is 13940-13960 yuan / ton. Prices fell today, a large account took the lead in receiving more than 10,000 tons, the enthusiasm of the shippers was higher than yesterday, the middlemen received the goods at a lower price, the buyers and sellers were active, and the transaction was better than yesterday. Downstream manufacturers as a result of falling prices, restrained a few days of demand was partially released, today's delivery status is better than yesterday, but compared to a large pick-up is still a certain distance. The overall transaction in East China is OK today.

(Xu Man 021-51595898)