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[SMM afternoon Review] Huadong Aluminum: trading among traders has improved the willingness to receive goods downstream.
Jul 15,2020 12:07CST
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Source:SMM
[SMM afternoon Review] Huadong Aluminum: trading among traders has improved the willingness to receive goods downstream.
The content below was translated by Tencent automatically for reference.

SMM7 March 15:

Aluminum will rise and fall before noon. The spot price in Shanghai and Wuxi is between 14820 and 14840 yuan / ton, while the price in Wuxi is slightly higher, which is 75 yuan / ton lower than yesterday, and the morning discount is near Pingshui, 11; Aluminum fell back in the later period of 00, but most of the holders are reluctant to follow the sharp price reduction, the price adjustment space is only less than 20 yuan / ton, and the basic rising water to the plate is around 40 muri 60 yuan / ton, but there are not many holders who actually follow the quotation. The transaction price in Hangzhou is 14830 Mel 14850 yuan / ton. In the morning, traders made active inquiries, and the holders' willingness to ship goods was low and relatively high, and the transaction heat gradually increased after 10: 00, but in view of the fact that a large family still did not carry out a procurement plan in East China today, it was difficult for traders to actually increase their own trading volume, and the trading between the two sides was relatively general. Today, the downstream is mainly purchasing on demand, and the enthusiasm of receiving goods is significantly higher than that on Monday. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)

 

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