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[SMM afternoon Review] East China Aluminum: the supply of goods in Wuxi is tighter than that in Shanghai. Imported aluminum ingots continue to flow into rising water and fall back.
Jul 6,2020 12:27CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: the supply of goods in Wuxi is tighter than that in Shanghai. Imported aluminum ingots continue to flow into rising water and fall back.
The content below was translated by Tencent automatically for reference.

SMM7, June 6:

Aluminum high range concussion before noon. The spot price in Shanghai is between 14410 and 14420 yuan per ton, while the price in Wuxi is between 14430 and 14450 yuan per ton, which is slightly higher than last Friday, and the rising water has fallen sharply to between 3050 yuan / ton of rising water. Today, the supply tension in Wuxi market has increased, and the price quoted by the holder is very strong, but relatively speaking, the supply in Shanghai is more relaxed, and the price is 20 yuan / ton lower than that in Wuxi. A large company normally announced its purchase plan today, but the actual receipt of goods in Shanghai is on the high side. Although the middleman is willing to accept the goods, it is more difficult to reach an agreement with the holder on the price, and the two sides have reached a stalemate. In addition, the import of aluminum increased significantly today, suppressing the rise of the water and floating under the water. From the downstream point of view, today's normal delivery is the main, procurement enthusiasm is not high. The overall transaction in East China is poor today.

(Xu Man 021 muri 51595898)

 

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