SMM7 March 22:
Aluminum will be suppressed and then raised before noon. Spot prices of aluminum ingots in Wuxi and Shanghai in the morning were between 14490 Mel 14510 yuan / ton, and in the later period of 10:30 aluminum uplink, the market price began to concentrate at 14520 Mel 14540 yuan / ton, which was up 110yuan / ton compared to yesterday's absolute price, and the spot water was around 140Mor 160 / ton, which was about 60 yuan / ton lower than yesterday's, and the price in Hangzhou area was 14530Mel 14550 yuan / ton. Today, the supply of goods in the market is relatively relaxed, various domestic brands and imported aluminum are more abundant, the holder continues to actively ship the goods, the willingness to raise the price is obviously less than the previous period, the middleman can receive the goods, and the trading between the two sides is better. After the rise of aluminum prices in the later stage, the heat of the transaction between the two sides dropped obviously, and there were many inquiries, but the actual transaction was not as good as in the morning. A large family announced part of the procurement plan today, but it is more difficult to purchase after the market price rises in the later stage. Today, the downstream is mainly purchasing on demand, and traders feedback that there is not much bright spot on the downstream delivery. The overall transaction in East China is mediocre today.
(Xu Man 021 muri 51595898)