[SMM afternoon Review] Huadong Aluminum: aluminum in the afternoon fell too fast and was generally willing to receive goods downstream.

Published: Jul 23, 2020 11:58

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SMM7 March 23:

Aluminum concussion fell before noon. In the morning, Wuxi and Shanghai spot prices of aluminum ingots were between 14550 and 14570 yuan / ton, and in the later period of 11:00, aluminum went down, the market price began to concentrate at 14540 Mel 14560 yuan / ton, which was 40 yuan / ton higher than yesterday's absolute price, and the spot water price was between 130Mel 160 yuan / ton, and the rising water was basically flat yesterday. The performance was firm, and the price in Hangzhou area was between 14570RMB14590 yuan / ton. Today, the supply of goods in the market is still loose, and there is no shortage of domestic brands, and trading in the morning is OK. A large family received goods normally in the market. Aluminum fell quickly after 11: 00, and the market wait-and-see mood gradually rose. Although the shippers are still active, the actual transaction is already too early. Downstream today is mainly on-demand shopping, because aluminum prices are higher than yesterday, today's willingness to buy goods is not high. The overall transaction in East China is mediocre today. (Xu Man 021 muri 51595898)

Quotation aluminum ingot noon news

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