Home / Metal News / Aluminium / [SMM afternoon Review] Huadong Aluminum: the shippers are actively downstream and are not in stock near the weekend.
[SMM afternoon Review] Huadong Aluminum: the shippers are actively downstream and are not in stock near the weekend.
Jul 24,2020 11:50CST
translation
Source:SMM
[SMM afternoon Review] Huadong Aluminum: the shippers are actively downstream and are not in stock near the weekend.
The content below was translated by Tencent automatically for reference.

SMM7 March 24:

Aluminum futures fluctuated in the range after the pre-afternoon shock fell. The spot price of aluminum ingots in Wuxi area is between 14540 and 14560 yuan / ton, while the price in Shanghai is between 14520 and 14540 yuan / ton. The spot price is 10 yuan / ton lower than yesterday, and the spot water price is 120 yuan / ton. Compared with yesterday, the spot water price is slightly lower than yesterday, and the price in Hangzhou area is between 14540 and 14560 yuan / ton. Today's market supply is relatively relaxed, brand performance is relatively single, more Tianshan hope and Jiarun and other brands, holders actively ship goods, middlemen are generally willing to receive goods, the two sides can hardly say good trading. A large family buys normally today, and the quantity of goods received in East China is less than 10,000 tons. Downstream today's normal procurement, although close to Friday, but the enthusiasm of stock preparation is obviously less than expected. The overall transaction in East China is mediocre today. (Xu Man 021 muri 51595898)

 

Quotation
aluminum ingot
noon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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