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[SMM afternoon Review] East China Aluminum: in the early afternoon, aluminum rose first and then restrained the spot rising water to maintain a relatively strong strength.
Jul 2,2020 12:03CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: in the early afternoon, aluminum rose first and then restrained the spot rising water to maintain a relatively strong strength.
The content below was translated by Tencent automatically for reference.

SMM7, March 2:

Aluminum rises first and then suppresses in the early afternoon. In the morning, the spot price in Shanghai is between 14400 and 14410 yuan / ton. In the second trading stage, with the fall of aluminum futures, Shanghai prices begin to concentrate between 14360 and 14380 yuan / ton. Around 130 yuan / ton of aluminum futures, the morning spot price in Wuxi is between 14420 and 14430 yuan / ton, and in the later stage it is 14400 14420 yuan / ton, which is nearly 70 yuan / ton higher than that of yesterday. The spot price of aluminum futures is between 130 and 150 yuan / ton. Wuxi spot price is relative to Shanghai. The spot price is between 14420 and 14420 yuan / ton, which is up nearly 70 yuan / ton compared with yesterday's price. The spot price of aluminum futures is between 130 and 150 yuan / ton. Wuxi is relative to Shanghai. The price is on the high side, and the spot price in Hangzhou is between 14410 and 14430 yuan / ton. A large buyer plans to purchase more than 10,000 tons in East China today, and the normal quotation shows that the shipments of the holders are still relatively positive, the middlemen are relatively less willing to receive the goods, and the trading between the buyers and sellers is poor, which is obviously not as good as that in early June. Downstream today, mainly on-demand procurement, as aluminum prices have risen for several days in a row, taking into account the weakening of their own orders and the previous part of the hoarding of goods, the recent purchase interest is not high. The overall transaction in East China is poor today.

(Xu Man 021 muri 51595898)

 

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