[SMM midday review] East China Aluminum: it is actually a good deal for both sides to reverse their forces in the afternoon.

SMM5, 13 March:

The aluminum range fluctuated in the early afternoon, but the spot price difference was large. In the morning, the spot price in Shanghai Wuxi area is between 12710-12730 yuan / ton, the holder can ship the goods, the middleman is more hesitant to receive the goods, the two sides are relatively hesitant to receive the goods, the spot price in the market after 10: 15 begins to concentrate on 12740-12780 yuan / ton, the spot discount is between 10 yuan and 10 yuan / ton, and a large household buys normally today. on the whole, trading between traders today is more general, and the early shippers are obviously more than those who receive the goods. In the second stage of the transaction, there are more consignees than shippers. Downstream today to receive goods better than yesterday, as the sharp fall in aluminum prices stimulated its enthusiasm for receiving goods. The overall transaction in East China is better today.

(Xu Man 021 muri 51595898)