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[SMM afternoon Review] East China Aluminum: the enthusiasm of receiving goods in the lower reaches of the rising water in the spot has been improved.
Jul 14,2020 12:08CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: the enthusiasm of receiving goods in the lower reaches of the rising water in the spot has been improved.
The content below was translated by Tencent automatically for reference.

SMM7 March 14:

Aluminum in the early afternoon high fell back to maintain the interval concussion. The spot price in Shanghai and Wuxi is between 14890 and 14920 yuan / ton, while the price in Wuxi is slightly higher. The price in the two places is more than 500 yuan / ton lower than yesterday, giving up more than half of the increase in the previous day. The transaction price in Hangzhou is 14940 million yuan / ton. In the morning, the shipper was active, but the quotation was high and the actual transaction was small. After 10: 00, the market was on the right track, and the price of the holder began to fall, and the enthusiasm for shipping was not reduced. On the whole, the transaction between traders was OK. Downstream today's pick-up enthusiasm is significantly higher than yesterday, price sensitivity is higher, with the sharp fall in aluminum prices, lest the late price rebound under the influence of sentiment, pick up goods today. However, a large family still did not carry out procurement plans in East China today, and on the whole, East China made a general deal today.

(Xu Man 021 muri 51595898)

 

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