[SMM midday review] East China Aluminum: aluminum prices rose for two consecutive days downstream stock slightly hesitant

SMM4, 28 March:

Aluminum shock went up in the early afternoon. In the morning, Shanghai Wuxi area holder quotation is between 12580-12600 yuan / ton, the spot price is 90 yuan / ton higher than yesterday, the surface rising water is concentrated in 60-80 yuan / ton, the morning market trading is more active, the consignee inquiry is numerous, after 11: 00 the aluminum center of gravity moves up, the holder quotation starts to concentrate in 12610 yuan / ton, but the later market transaction heat drops, the actual transaction situation has not been early. Downstream today, mainly on-demand procurement, due to the rise in aluminum prices and higher water, for the time being did not show a positive willingness to stock. The overall transaction in East China is OK today.

(Xu Man 021-51595898)