[SMM midday review] East China Aluminum: more, less rising and falling back quickly

SMM5, March 12:

The aluminum shock fell back in the early afternoon, and the spot price fluctuated greatly. In the morning, the spot price in Wuxi area of Shanghai was between 13020 yuan and 13040 yuan / ton. The high price was acquired only by large market players, and the transaction prices of other traders were on the low side. After 10: 30, with the sinking of aluminum futures and the rapid increase of shippers, the market transaction price began to concentrate between 1208013000 yuan / ton. Before noon, the spot price was concentrated in flat water to 20 yuan / ton, and the current price was basically flat compared with yesterday. However, the actual transaction situation is obviously not as good as yesterday, the market out of more and less situation is prominent. Downstream normal procurement today, mainly on demand. The overall transaction in East China was normal today.

(Xu Man 021 muri 51595898)