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[SMM afternoon Review] East China Aluminum: aluminum Back price spread widens and rising water continues to expand
May 19,2020 11:56CST
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Source:SMM
[SMM afternoon Review] East China Aluminum: aluminum Back price spread widens and rising water continues to expand
The content below was translated by Tencent automatically for reference.

SMM5 March 19:

The high level of aluminum fell back in the early afternoon. In the morning, a small amount of spot price in Wuxi area of Shanghai was between 13490 and 13510 yuan / ton, and there were more inquiries and receivers in the morning, but the actual transaction was less, because the market performance was more and less. Under the background of higher aluminum futures, the price of the holder began to focus on 13510 13540 yuan / ton, the average price was 335 yuan / ton higher than that of yesterday, and the rising water was between 200ly220 yuan / tonne. Under the expansion of aluminum futures back structure, the spot rising water continued to rise compared with yesterday. The market middleman's enthusiasm for receiving goods has not diminished, the holder's performance is high, and the market transaction is very active. In the morning, a large family made a normal purchase, and the procurement plan was not fully completed. Due to the sharp rise in aluminum prices, the mood of receiving goods downstream today has been frustrated and there is not much to buy. The overall transaction in East China is better today.

 

(Xu Man 021 muri 51595898)

 

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