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[SMM midday review] East China Aluminum: aluminum prices fluctuate by noon and traders are active.
Apr 17,2020 12:04CST
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Source:SMM
[SMM midday review] East China Aluminum: aluminum prices fluctuate by noon and traders are active.
The content below was translated by Tencent automatically for reference.

SMM4, 17 March:

The aluminum price fluctuated in the high range before noon, and the center of gravity of the second trading range rose. In the morning, Shanghai Wuxi area holder quotation between 12140-12160 yuan / ton, 10:30 late aluminum rose, the holder quotation began to focus on 1216012180 yuan / ton, the disk sticking 10-liter 10 yuan / ton, some cardholders quoted close to 12190-12200 yuan / ton, Hangzhou area holders quoted in the vicinity of 1217012190 yuan / ton. Before noon, the trading between the holder and the middleman is more active, because the aluminum price changes greatly in the afternoon, the trader arrives frequently, the transaction between the buyer and seller is very active, the actual trading volume is obviously more than a few days ago. Downstream today on-demand pick-up mainly, although near Friday a small amount of stock, but due to the volatility of aluminum prices, the later performance wait and see. The overall transaction in East China is better today.

(Xu Man 021-51595898)

 

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aluminum ingots
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