[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

Save

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

China's Major Hubs See Minor Rise in Secondary Aluminum Alloy Ingot Inventory

[SMM Flash] Inventory of secondary aluminum alloy ingots in China's major consumption hubs increased slightly by 40 mt from the previous day today.

1 hour ago

Alumina Transaction: 30,000 mt at $335.5/mt FOB Jamaica, Shipment in May

Alumina Transaction: On March 17, 2026, 30,000 mt of alumina was transacted at a transaction price of $335.5/mt FOB Jamaica, with shipment scheduled for May.

1 hour ago

Geopolitical Tensions Combined With Delayed Expectations for Interest Rate Cuts, SHFE Aluminum Fluctuates at Highs Under Short-Term Pressure [SMM Aluminum Morning Meeting Summary]

[Geopolitical Tensions Combined With Deferred Interest Rate Cut Expectations Leave SHFE Aluminum Under Short-Term Pressure but Fluctuating at Highs] Against the backdrop of continued tightening LME liquidity, LME aluminum still has upward momentum, with strong support from prices outside China, and is expected to maintain a backwardation structure in the short term. China remains in a phase of high inventory coupled with weak fundamentals, and its upward momentum is significantly weaker than that outside China. Amid divergent domestic and external drivers, the SHFE/LME price ratio is expected to continue weakening, and aluminum prices are still expected to fluctuate at highs in the short term.

1 hour ago