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[SMM midday review] East China Aluminum: active in the afternoon, East China has a better overall deal today.
Apr 20,2020 11:53CST
translation
Source:SMM
[SMM midday review] East China Aluminum: active in the afternoon, East China has a better overall deal today.
The content below was translated by Tencent automatically for reference.

SMM4, 20 March:

Aluminum prices fell back in the afternoon. In the morning, the quotation of the holder in Wuxi area of Shanghai is between 12510-12530 yuan / ton. As the aluminum price rises by 10: 30, the quotation of the holder begins to concentrate in the range of 12480-12500 yuan / ton, and between 10-30 yuan / ton on the plate. The quotation of the holder in Hangzhou area is about 12530-12550 yuan / ton. Early morning high-price shippers are very active, because the market circulation spot is tight, spot rising water is higher, the late shippers gradually converge, began to show wait-and-see, the middle merchants continue to show a high willingness to pick up the goods before noon. In addition, a large household is more active in purchasing today and plans to receive more than 10,000 tons of goods. Downstream normal replenishment today, due to higher aluminum prices slightly hesitant to receive goods, but the overall can. The overall transaction in East China is better today.

(Xu Man 021-51595898)

 

Quotation
aluminum ingots
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