[SMM midday review] East China Aluminum: spot prices rose by more than 200 yuan / ton downstream receiving generally compared with yesterday.

SMM4, 23 March:

The aluminum interval concussion is mainly in the early afternoon. In the morning, the price quoted by the holder of Wuxi area in Shanghai is between 12470-12480 yuan / ton, the spot price is more than 200 yuan / ton compared with yesterday, the rising water is concentrated in the range of 40-50 yuan / ton, and the price in Hangzhou area is concentrated in 12480-12500 yuan / ton today. In the morning, a large household actively carried out procurement plans in Shanghai and tin, traders traded actively, transactions were better, aluminum prices fell back after 10: 30, and most of the holders began to quote on the disk, the rising water remained unchanged, the price concentrated between 12440-12460 yuan / ton, due to the end of procurement, some traders turned to wait-and-see attitude, trading began to hesitate, the heat of transactions fell back significantly earlier. Downstream today, mainly on-demand procurement, due to the sharp rise in aluminum prices, the enthusiasm for buying goods has been restrained to a certain extent. The overall transaction in East China is better today.

(Xu Man 021-51595898)