Home / Metal News / Aluminium / [SMM midday review] East China Aluminum: the transaction heat obviously fell back before noon, and there were signs of stock in the lower reaches of the transaction heat.
[SMM midday review] East China Aluminum: the transaction heat obviously fell back before noon, and there were signs of stock in the lower reaches of the transaction heat.
Apr 3,2020 12:05CST
translation
Source:SMM
[SMM midday review] East China Aluminum: the transaction heat obviously fell back before noon, and there were signs of stock in the lower reaches of the transaction heat.
The content below was translated by Tencent automatically for reference.

SMM4, March 3:

Aluminum prices fluctuated before noon. In the morning, the price quoted by the holder in Shanghai Wuxi area was between 11600 and 11610 yuan / ton, which was more than 300 yuan / ton higher than yesterday's price. After 10: 30, the face price dropped somewhat. The price quoted by the holder was concentrated between 11570 and 11590 yuan / ton. Before noon, the market price was 20 yuan / ton to Pingshui. The price in Hangzhou was concentrated between 11630 and 11650 yuan / ton in the morning, and the transaction was rare. After 10: 30, it fell back to 1157011590 yuan. In the morning, the trading of traders in Shanghai and tin was OK, the middleman's inquiry was more active, and a large customer also received some goods in the morning. As the aluminum price fell back, the transaction heat of the market after 11: 00 was not early either. At this time, although some of the cardholders began to reduce their prices and tend to ship the goods, the actual transactions were not done in the morning. As today is the last spot transaction day before the Ching Ming Festival, the willingness to stock downstream is higher than that of the previous period, and the signs of stock are more obvious today. The overall transaction in East China is OK today.

(Xu Man 021-51595898)

 

Quotation
aluminum ingots
afternoon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn