[SMM midday review] East China Aluminum: traders have a weak awareness of active downstream replenishment

Published: Apr 13, 2020 11:38

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SMM4, 13 March:

Before noon, the price of aluminum was suppressed first and then rose. Shanghai Wuxi area holder quotation is between 11790-11810 yuan / ton, 60 yuan / ton higher than Friday's price, 10-liter water 10 yuan / ton, Hangzhou area holder quotation is 11810-11830 yuan / ton. Due to the price rise before noon shippers are active, middlemen are more willing to receive goods, the two sides traded well. Downstream today on-demand goods, replenishment signs are not very obvious. The overall transaction in East China is OK today.

(Xu Man 021-51595898)

Quotation aluminum ingots afternoon news

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