[SMM Meridian Review] East China Aluminum: the transaction Heat in the near Holiday Market has fallen back

Published: Apr 30, 2020 11:49 (GMT+8)

Save

SMM4, 30th:

In the early afternoon, aluminum was suppressed first and then raised. Shanghai Wuxi area holders quoted between 12780-12800 yuan / ton, spot prices rose 20 yuan / ton compared with yesterday, the surface rising water concentrated in 60-80 yuan / ton, 11: 00 after the market transaction heat dropped significantly, the rising water narrowed slightly. Today is the last spot trading day before May Day, as most traders close accounts or prepare for a holiday, and a major household has not announced their procurement plans today, the market transaction atmosphere is not as good as the previous two days, buyers and sellers generally trade. Downstream today part of the stock, the enthusiasm of receiving goods is not as obvious as yesterday. The overall transaction in East China is OK today.

(Xu Man 021-51595898)

Quotation aluminum ingots afternoon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

5 hours ago

[SMM Flash News] South32 Revised Q4 '26 CIF MJP Premium Offer at US$265/mt

Market sources report: South32 revised Q4 '26 CIF MJP Premium Offer at US$265/mt, down from US$325/mt. Validity 5 October 2026.

5 hours ago

23 hours ago

India ADC 12 Holds Firm as LME Aluminium Falls; Tight Scrap Supply Limits Downside

India ADC 12 prices remained relatively resilient despite a 1.2% decline in LME aluminium 3-month prices between September 24 and 30.

23 hours ago

Rio Tinto Secures Bell Bay Smelter Operations Through End-2031

Rio Tinto announced on October 1 that it had reached agreements with the Tasmanian Government, the Australian Commonwealth Government and Hydro Tasmania to extend electricity supply to the Bell Bay aluminium smelter through the end of 2031. The two governments will also provide a combined A$200 million support package over five years, contributing A$100 million each. Commercial terms of the power agreement were not disclosed. Bell Bay produces around 190,000 tonnes of primary aluminium annually, while its existing electricity contract was due to expire at the end of 2026. The agreement removes the smelter’s immediate operational uncertainty. Bell Bay is the third major Australian aluminium smelter to receive government-backed support in 2026, following Boyne and Tomago, highlighting continued pressure from high electricity costs and international competition.

23 hours ago