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[SMM midday review] East China Aluminum: willingness to prepare goods downstream to enhance the overall transaction of East China is good.

iconApr 10, 2020 12:13
Source:SMM
[SMM midday review] East China Aluminum: willingness to prepare goods downstream to enhance the overall transaction of East China is good.

SMM4, 10 March:

Before noon, the aluminum price fluctuated mainly in the range after the aluminum price fluctuated upward. Shanghai Wuxi area holder quotation in 11730-11750 yuan / ton, compared with yesterday's price rose 130 yuan / ton, Hangzhou area holder quotation in 11740-11760 yuan / ton, before noon shippers are active, middlemen trading is also active, in addition, a large household East China received nearly 10,000 tons of goods today, the overall transaction between traders is better. Due to the approach of Friday, the willingness to stock downstream increased, the status of receiving goods has improved significantly compared with the previous two days. East China as a whole closed well today.

(Xu Man 021-51595898)

 

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