[SMM afternoon Review] East China Aluminum: aluminum prices fall, water rises, floating shipments are very active.

Published: May 8, 2020 12:11

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SMM5, 8 March:

Aluminum maintains interval shocks in the early afternoon. Shanghai Wuxi area holder quotation between 12820-12840 yuan / ton, the spot price fell back nearly 150 yuan / ton compared with yesterday, the surface rising water concentrated in the 90-110 yuan / ton. Due to the rise and fall of aluminum prices, the number of shippers increased significantly today, and middlemen received goods more actively under the condition of low prices. A large household carried out procurement plans as usual, and the transactions between buyers and sellers were OK, showing a slight stalemate in prices. Downstream stock enthusiasm increased today, due to the decline in aluminum prices superimposed for the weekend consideration, today's delivery status than the previous two days preference. The overall transaction in East China is better today.

(Xu Man 021-51595898)

Quotation aluminum ingots afternoon news

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