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[SMM afternoon Review] East China Aluminum: the trading of traders shows a slight stalemate and the willingness to prepare stocks downstream is not high.
May 29,2020 12:01CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: the trading of traders shows a slight stalemate and the willingness to prepare stocks downstream is not high.
The content below was translated by Tencent automatically for reference.

On the 29th of the month of SMM5:

Aluminum maintained a wide concussion in the early afternoon. The spot price in Wuxi area of Shanghai is between 13450 and 13460 yuan per ton, and the price of rising water is between 120 yuan and 120 yuan per ton, which is basically the same as yesterday, while the spot price in Hangzhou is between 13460 and 13480 yuan per ton. Today, a large household is very active in receiving goods, and the holder is also more active in shipping goods to it, with active trading between the two sides, but there is still a stalemate between small and medium-sized traders, while the price of the holder is relatively high, while the middleman receives the goods in general. In addition, as today is the last spot delivery day of the month, traders are not as active as they did in the previous two days, taking into account the problem of financial settlement. Today, the downstream is mainly purchasing on demand, and the fear of heights is obvious. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)

 

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