[SMM midday review] East China Aluminum: it is OK to receive goods downstream with active trading in the market near Friday.

Published: May 15, 2020 11:51 (GMT+8)

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SMM5 March 15:

The aluminum interval concussion is mainly in the early afternoon. In the morning, the spot price in Wuxi area of Shanghai is between 13000 and 13020 yuan / ton, but the buyers and sellers are hesitant in the early morning, showing that there are not many transactions on the sidelines. As a large customer announces the procurement plan, the market transaction heat gradually rises, and the spot price begins to concentrate between 1302013040 yuan / ton. At this time, there are many consignees, and there are obviously more shippers than shippers. The transaction between the two sides is very active, and the market atmosphere weakens after 11: 00. The transaction price is concentrated in the range of 13000-13020 yuan / ton, and the discount in the afternoon is concentrated between 20 and Pingshui in the same month. The trading between the traders is very good today. Due to the proximity of the weekend, the downstream is normally ready today, the goods can be received. The overall transaction in East China is better today.

(Xu Man 021-51595898)

Quotation aluminum ingot noon news

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