[SMM afternoon Review] East China Aluminum: aluminum fell too much in the early afternoon and the heat of the market fell back in the late afternoon.

SMM7 March 16:

Aluminum futures fluctuated and fell before noon that month. The transaction price in Wuxi and Shanghai is between 14510 Mel 14530 yuan / ton, which is 300 yuan lower than yesterday's price. The rising water to the surface is between 280 Mel 300 yuan / ton. The transaction price in Hangzhou area is between 14530 Mel 14,550 yuan / ton. In the later period of 11:00, the aluminum price fell back, and the market price was concentrated in 14460 Mel 14490 yuan / ton. In the morning, the inquiry among traders was active, and the trading heat increased after 10: 00, but the aluminum fell too much in the later period. Although the price of the holder was lowered, the market wait-and-see mood gradually increased, and there was not much transaction in the later period. It is normal for a large family to receive goods today, but on the whole, it is OK to buy and sell among traders. Downstream today, mainly on-demand procurement, due to the excessive decline in aluminum prices, slightly hesitant to buy goods. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)