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[SMM midday review] East China Aluminum: aluminum shock fall in the early afternoon and transaction heat drop in the later stage
May 7,2020 12:01CST
translation
Source:SMM
[SMM midday review] East China Aluminum: aluminum shock fall in the early afternoon and transaction heat drop in the later stage
The content below was translated by Tencent automatically for reference.

SMM5, July 7:

In the early afternoon, the range of the first trading stage of aluminum fluctuated, and the shock of the second trading stage fell back. In the morning, the price quoted by the holder in Shanghai Wuxi area was between 12970 and 12990 yuan / ton, and the spot price was basically flat compared with yesterday. The rising surface was concentrated in the range of 80-100 yuan / ton. In the morning, the holder was active in shipping, a large customer received the goods normally, and the middleman received the goods fairly well. With the sharp drop in aluminum futures, the receipt of goods by large customers is nearing the end, the shippers began to show hesitation in delivery, the quotation rose firmly, and the buyers and sellers showed a slight stalemate in the transaction price. The heat of the transaction fell back, and the spot price in Hangzhou was between 1299010 yuan and 13010 yuan per ton. Downstream today on-demand procurement, did not show a positive state. The overall transaction in East China is OK today.

(Xu Man 021-51595898)

 

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