[SMM afternoon Review] East China Aluminum: the price of aluminum rises too fast and the market transaction shows a slight stalemate.

SMM7, March 1:

Early afternoon aluminum concussion upward. The spot price in Shanghai is between 14340 and 14350 yuan / ton, and the spot price in Wuxi is between 14360 and 14380 yuan / ton, which is nearly 200 yuan / ton higher than yesterday's price. the spot price in Wuxi is tight relative to Shanghai, and the price is on the high side, and the spot price in Hangzhou is between 14360 and 14370 yuan / ton, while the spot price in Wuxi is relatively tight relative to Shanghai, and the price is on the high side, and the spot price in Hangzhou is between 14360 and 14370 yuan / ton. Today, a large buyer plans to purchase more than 10,000 tons in East China, the price is reasonable, the shipper is OK, the middleman is relatively less willing to receive the goods, and the transaction between the buyer and the seller is mediocre. Downstream today, mainly on-demand procurement, due to a large increase in aluminum prices, the enthusiasm to buy goods is not high. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)