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[SMM afternoon Review] East China Aluminum: the spot circulation is loose and the downstream replenishment mood is not strong.
Jul 20,2020 12:05CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: the spot circulation is loose and the downstream replenishment mood is not strong.
The content below was translated by Tencent automatically for reference.

SMM7 March 20:

The interval concussion before noon is mainly in the period of aluminum. In the morning, the spot price of aluminum ingots in Wuxi area is between 14500 won 14510 yuan / ton, the Shanghai area is between 14490 won 14500 yuan / ton, the rising water is around 260 yuan / ton, and there are many inquiries at the beginning of trading in the morning. As the market transaction heat gradually rises, the market price gradually becomes clear, because under the condition of high rising water, the cardholder's shipping enthusiasm increases obviously, the spot in circulation today is obviously looser than last week, and the circulation brands are more abundant than last week. In the later period, the prices of Shanghai and tin began to concentrate between 14470 won 14490 yuan / ton and 14490 won 14510 yuan / ton, while the rising water fell slightly in the later stage, concentrated between 220 muri 260 yuan / tonne. A large company announced a small number of purchase plans today, and the trading between the trader and the buyer is OK. Downstream today is mainly on-demand shopping, because prices are higher than last Friday, in the case of partial hoarding last week, there is no increase in enthusiasm for buying today. The overall transaction in East China is mediocre today.

(Xu Man 021 muri 51595898)

 

Quotation
aluminum ingot
noon news

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