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[SMM afternoon Review] East China Aluminum: the willingness to receive goods downstream is not high. The overall transaction in East China is poor today.
Jul 7,2020 12:05CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: the willingness to receive goods downstream is not high. The overall transaction in East China is poor today.
The content below was translated by Tencent automatically for reference.

SMM7, March 7:

Aluminum concussion fell before noon. The spot price in Shanghai is between 14400 and 14420 yuan / ton, while the price in Wuxi is between 14430 and 14440 yuan / ton, which is basically the same as that of yesterday. The rising water is concentrated in the price of 40 yuan / ton. Today, the spot price in Wuxi is tighter than that in Shanghai, and the price is 20 yuan / ton higher than that in Shanghai. A large family received goods normally today, but the actual transaction was still dominated by the supply of goods in Shanghai, and the holder actively shipped the goods, but the relative price, the willingness to adjust the price was not high, the enthusiasm of the middleman was general, the transaction between the two sides was slightly deadlocked, and some traders gave feedback. because downstream processing plants prefer brands to be out of stock, in the context of recent high aluminum prices, the willingness to buy goods downstream is not obvious in the near future, and there is not much to receive goods today. The overall transaction in East China is poor today.

(Xu Man 021 muri 51595898)

 

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