[SMM Meridian Review] East China Aluminum: aluminum rising in the early afternoon constriction of shipments by holders

SMM4, 8 March:

Aluminum prices fluctuated upwards by noon. In the morning, the price quoted by the holder in Shanghai Wuxi area is between 11540-11560 yuan / ton, which is 90 yuan / ton lower than yesterday's price. With the rise of aluminum price, the price quoted by the holder after 11: 00 began to concentrate between 11580-11590 yuan / ton, and the price in Hangzhou area was concentrated between 11570-11580 yuan / ton before noon. Morning shippers are more active, middlemen can trade, with aluminum prices upward, shippers converge, although middlemen have demand for goods, it is difficult to close a deal at this time. Downstream today on-demand procurement, due to the fall in aluminum prices slightly available. The overall transaction in East China is OK today.

(Xu Man 021-51595898)