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[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.
Jul 16,2020 12:06CST
translation
Source:SMM
[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.
The content below was translated by Tencent automatically for reference.

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)

 

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