Home / Metal News / Aluminium / [SMM afternoon Review] East China Aluminum: spot prices have soared by more than 600 yuan per ton. Downstream consumption is extremely light.
[SMM afternoon Review] East China Aluminum: spot prices have soared by more than 600 yuan per ton. Downstream consumption is extremely light.
Jul 13,2020 12:09CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: spot prices have soared by more than 600 yuan per ton. Downstream consumption is extremely light.
The content below was translated by Tencent automatically for reference.

SMM7 March 13:

Aluminum is expected to fall back from its high before noon. In the morning, the spot price in Shanghai is between 15380 and 15410 yuan / ton, and the spot price in Wuxi is between 15390 and 15410 yuan / ton. With the rapid rise in aluminum futures, the spot price rises around 11:00 to around 15410 UV 15430 yuan / ton, and as the aluminum futures fall gradually after 11: 00, the spot price is concentrated again at 15380tel 15400 yuan / ton, and the price in Wuxi is slightly higher than that in Shanghai. A large family did not receive the goods in East China today. In the morning, there are many inquiries in the market, and the holders raise the price, but the actual transaction is not much. The spot transaction heat goes up after 10: 30, but most of the middlemen reverse goods to enhance the market trading activity. Due to the lack of large quantities of transactions, the overall transaction among traders is poor. Downstream consumption is light today, as aluminum prices soared more than 600 yuan / ton compared with yesterday, downstream fear of heights reached a peak, replenishment is very few. The overall transaction in East China is poor today.

(Xu Man 021 muri 51595898)

 

Quotation
aluminum ingot
noon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn