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[SMM afternoon Review] East China Aluminum: the spot is tight and the supply exceeds the demand. Aluminum prices soar.
Jul 10,2020 12:20CST
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Source:SMM
[SMM afternoon Review] East China Aluminum: the spot is tight and the supply exceeds the demand. Aluminum prices soar.
The content below was translated by Tencent automatically for reference.

SMM7 March 10:

Aluminum pulled up before noon. In the morning, the spot price in Shanghai is between 14760 and 14790 yuan / ton, and the price in Wuxi is between 14780 and 14800 yuan / ton. With the rapid rise of aluminum futures, the spot price in Shanghai is concentrated between 14790 and 14810 yuan / ton in the later period, and the price in Wuxi is between 14800 and 14820 yuan / ton. The overall price in East China is nearly 270 yuan / ton higher than yesterday, and the rising water is concentrated in 140,180 yuan / ton. The price in Hangzhou is between 14800 and 14830 yuan per ton. Today, the shortage of goods supply has not been alleviated. There are many people who pick up goods early in the morning, but there are few shippers. With the sharp rise in aluminum prices, the willingness of the holders to ship goods has increased, but the price is still the same. As a whole, middlemen and buyers and sellers are limited by the low supply of goods in circulation. Downstream today, on-demand stock, due to the sharp rise in aluminum prices, although approaching the weekend, but the willingness to buy is not high. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)

 

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