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[SMM afternoon Review] Huadong Aluminum: the spot rising water has rebounded since it continued to narrow the downstream receiving enthusiasm yesterday.
May 22,2020 12:05CST
translation
Source:SMM
[SMM afternoon Review] Huadong Aluminum: the spot rising water has rebounded since it continued to narrow the downstream receiving enthusiasm yesterday.
The content below was translated by Tencent automatically for reference.

SMM5 March 22:

The aluminum interval concussion is mainly in the early afternoon. In the morning, the spot quotation in Wuxi area of Shanghai was between 13,100mur13120 yuan / ton. in the morning, the holder was not optimistic about the future in the morning. the expected market price was high, the shipment was very positive, the quotation was low, and the middleman hesitated to accept the goods. The transaction between the two sides was average. After 11: 00, the market price was concentrated between 13,130mur13150 yuan / ton, and the rising and sticking water was maintained at 80anth120 yuan / ton before noon, and the absolute price dropped by more than 300 yuan / ton compared with yesterday. The purchase volume of a large family is not much today, and the transaction between traders is OK. Downstream today's pick-up enthusiasm has increased, as aluminum prices fell sharply compared with yesterday, superimposed weekend reserve demand, today's willingness to buy goods rebounded from yesterday. The overall transaction in East China is OK today.

(Xu Man 021 muri 51595898)

 

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