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[SMM afternoon Review] Huadong Aluminum: fear of height in the lower reaches obviously does not receive much goods. The overall transaction in East China is mediocre today.
May 28,2020 11:56CST
translation
Source:SMM
[SMM afternoon Review] Huadong Aluminum: fear of height in the lower reaches obviously does not receive much goods. The overall transaction in East China is mediocre today.
The content below was translated by Tencent automatically for reference.

SMM5 March 28:

In the early afternoon, the aluminum shock mainly fluctuated in a narrow range after the upstream. The spot price in Wuxi area of Shanghai is between 13440 and 13460 yuan per ton, and the price of rising water is between 120 yuan and 120 yuan per ton, which is 100 yuan higher than that of yesterday, and the spot price in Hangzhou area is between 13460 and 13470 yuan per ton. Today, large households are relatively active in receiving goods, and the quotation is in line with the market psychological price, and the holders are active in shipping to them. after the end of the purchase, the heat of the market transaction decreases, the holders continue to ship but at a higher price, and the middlemen tend to receive the goods at a low price. small traders seldom have much trading volume between buyers and sellers, resulting in a stalemate. Today, the downstream is mainly purchasing on demand, as the aluminum base price has risen for several days, the downstream wait-and-see attitude is gradually rising, fear of heights is obvious, and the receiving volume is not much. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)

 

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