Home / Metal News / Aluminium / [SMM midday review] East China Aluminum: a large number of downstream buyers in the morning market are mainly purchasing on demand today.
[SMM midday review] East China Aluminum: a large number of downstream buyers in the morning market are mainly purchasing on demand today.
Apr 27,2020 12:01CST
translation
Source:SMM
[SMM midday review] East China Aluminum: a large number of downstream buyers in the morning market are mainly purchasing on demand today.
The content below was translated by Tencent automatically for reference.

SMM4, 27 March:

In the early afternoon, aluminum was suppressed first and then raised. In the morning, Shanghai Wuxi area holder quotation is between 12490-12510 yuan / ton, the spot price is about 50 yuan / ton higher than last Friday, the surface rising water is concentrated in 50-70 yuan / ton, the aluminum goes up at the end of 10:30, the holder quotation rises accordingly, starts to concentrate in 12520-12540 yuan / ton. In the morning, there are many middlemen and inquirers, trading between traders is active in the afternoon, a large household normal procurement, with the aluminum price upward, the market transaction heat down, although the late shipments of the shippers have increased, but at this time the transaction has not been early, Hangzhou today's price concentrated in 12520-12540 yuan / ton. Downstream normal procurement today, due to rising aluminum prices and higher water, downstream receiving did not show positive. Transactions in East China were more active today as a whole.

(Xu Man 021-51595898)

 

Quotation
aluminum ingots
afternoon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn