[SMM Review] East China Aluminum: tight spot Circulation in the Market

SMM4, 21 March:

Aluminum prices fluctuated and sank before noon. In the morning, the quotation of the holder in Shanghai Wuxi area was between 12240-12260 yuan / ton, a large household received some goods near 12260 yuan / ton, the market trading was more active, the seller and receiver performed actively, the aluminum fell after 10: 30, the holder quotation began to concentrate between 12210-11230 yuan / ton, due to the tight spot circulation in the market in the past two days, the plate rose to 2040 yuan / ton, and the quotation of individual cardholders was around 12200 yuan / ton. Due to price fluctuations, the late market transaction heat fell back, the holder wait and see attitude gradually, Hangzhou area holder quotation in 12530-12550 yuan / ton. The downstream bought goods normally today and did not hoard large quantities of goods as a result of the sharp fall in aluminum prices. The overall transaction in East China is OK today, slightly worse than yesterday.

(Xu Man 021-51595898)