[SMM afternoon Review] East China Aluminum: increase in arrival, consumption weakens, spot volume in market circulation and brand increase

Published: Jul 21, 2020 12:02

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SMM7 March 21:

The interval concussion before noon is mainly in the period of aluminum. The spot price of aluminum ingots in Wuxi is between 14400 and 14420 yuan / ton, while that in Shanghai is between 14390 and 14410 yuan / ton, which is 90 yuan lower than yesterday's absolute price. The spot water price in the market is around 180mur200 yuan / ton, which is about 60 yuan / ton lower than yesterday, and the price in Hangzhou area is between 14420 and 14440 yuan / ton. Due to the increase in arrival and weaker consumption, the supply of goods in the eastern China market today is obviously more relaxed than yesterday, and the shippers are more active, and the brands reported are more abundant, but under the background that the procurement plan of a large household is less than 10,000 tons, the willingness of the middleman to receive goods is relatively mediocre, and the trading between the two sides is flat, and the heat of transaction obviously drops after 11:00. Downstream today is mainly on-demand delivery, some traders feedback, because today's prices are lower than yesterday, superimposed yesterday's replenishment is not much, today's purchase volume is more than yesterday. East China today's overall transaction is mediocre, there is not much bright spot.

(Xu Man 021 muri 51595898)

Quotation aluminum ingot noon news

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