[SMM Review] East China Aluminum: spot rising to maintain High Aluminum Price Stability compared with yesterday

Published: Oct 30, 2019 11:58

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SMM, 30 October:

Aluminum in the current month before noon to maintain interval fluctuations. The spot price in Wuxi area of Shanghai is between 13990-14010 yuan / ton, and the rising water is about 90-100 yuan / ton, the price is nearly 60 yuan / ton higher than yesterday, and the spot price in Hangzhou area is 1398014000 yuan / ton. Today, prices rebounded, shippers increased shipments, middlemen received the goods more actively, but because the shippers were more aggressive, trading with middlemen showed a slight stalemate, the two sides in 13990-14000 yuan / ton between the transaction is still OK, in 14000-14010 yuan / ton is more difficult to close. Today, the volume of goods received by a large household is less than 3000 tons, and without the participation of large households, the overall transaction of traders today is not as good as yesterday. Downstream manufacturers today purchase on demand, hold a wait-and-see attitude towards a return in prices, and receive mediocre goods. The overall transaction in East China was normal today.

(Xu Man 021-51595898)

Quotations aluminum ingots noon news

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