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[SMM afternoon Review] East China Aluminum: the shortage of goods highlights the poor transaction in East China.
Jul 8,2020 12:05CST
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Source:SMM
[SMM afternoon Review] East China Aluminum: the shortage of goods highlights the poor transaction in East China.
The content below was translated by Tencent automatically for reference.

SMM7, March 8:

Aluminum concussion uplink before noon. In the morning, the spot price in Shanghai is between 14320 and 14350 yuan / ton, and the price in Wuxi is between 14330 and 14350 yuan / ton, which is nearly 100 yuan lower than that of yesterday, and the rising water is concentrated in the price of 30 yuan / ton. In the morning, the market shows that the supply of goods is tight, and there are many shippers, but the shippers are less, and the quotation is strong, because the spot in market circulation is less, and the actual transaction is general. With the sharp rise in aluminum after 10: 30, the price quoted by the holders in the East China market began to be concentrated around 14420 yuan / ton, and the rising water to the plate was concentrated at 20 yuan / ton, but the aluminum futures rose too fast, although the enthusiasm of the middleman for receiving goods did not decrease. However, the holder began to hesitate, the shipment converged, and the transaction in the second stage of the transaction was very few. Today, the downstream mainly receives goods on demand, and the signs of stock preparation are not obvious. East China today, the overall transaction is poor, supply tension is prominent.

(Xu Man 021 muri 51595898)

 

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