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[SMM afternoon Review] East China Aluminum: the spot circulation is tight and the spot sentiment is still obvious.
May 18,2020 12:05CST
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Source:SMM
[SMM afternoon Review] East China Aluminum: the spot circulation is tight and the spot sentiment is still obvious.
The content below was translated by Tencent automatically for reference.

SMM5 March 18:

Early afternoon aluminum concussion uplink, a larger increase. In the morning, the spot price in Wuxi area of Shanghai was between 13140 and 13160 yuan / ton. most inquiries were made in the morning, and the actual trading volume was not obvious. as a large family began to announce the purchase plan, and the quotation was extremely ideal, the shippers' enthusiasm for shipment increased, and the overall market price was pulled up. In the later stage, the price was concentrated between 13180mur13200 yuan / ton, the price was 170 yuan / ton higher than last Friday, and the water on the opposite side rose between 140rel yuan / ton, but in spite of this, the overall market price was pulled up, and the price was about 170 yuan / ton higher than that of last Friday. The spot is still tight, and there are still more receivers than shippers. Today, traders in the market are active, and the spot sentiment of the strong market remains unabated in the short term. Downstream today's normal replenishment, the deal is OK, but due to the sharp rise in aluminum prices, the mood of receiving goods is slightly lower than last Friday. The overall transaction in East China is better today.

 

(Xu Man 021 muri 51595898)

 

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