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[SMM afternoon Review] Huadong Aluminum: the shipping enthusiasm of the consignors increases before noon and the spot water rises and gradually pulls back.
May 21,2020 12:03CST
translation
Source:SMM
[SMM afternoon Review] Huadong Aluminum: the shipping enthusiasm of the consignors increases before noon and the spot water rises and gradually pulls back.
The content below was translated by Tencent automatically for reference.

SMM5 March 21:

Aluminum shot up and fell back in the early afternoon. In the morning, some spot quotations in Wuxi area of Shanghai were between 13450 and 13470 yuan / ton, but the transaction between buyers and sellers was cautious and the order of magnitude was not large. The rising water was around 200 yuan / ton. Although a large family carried out a procurement plan today, the actual trading volume was less than 10,000 tons. After 10:15, the market transaction heat dropped, and the decline in aluminum futures widened. The spot quotation narrowed to 160tel 180 yuan / ton, and the absolute price was between 13400rel 13440 yuan / ton. At this time, the shipping enthusiasm of the holder is obviously improved, and the buyer of the middleman has a more obvious advantage in bargaining, and the actual transaction is more general. Downstream today is mainly on-demand procurement, hesitant to receive goods, fear of heights is obvious, wait and see is still the same. The overall transaction in East China is OK today.

(Xu Man 021 muri 51595898)

 

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