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[SMM afternoon Review] Huadong Aluminum: the spot price of the current month is slightly higher than that of next month.
Jul 28,2020 11:56CST
translation
Source:SMM
[SMM afternoon Review] Huadong Aluminum: the spot price of the current month is slightly higher than that of next month.
The content below was translated by Tencent automatically for reference.

SMM7 March 28:

Aluminum remained high and fluctuated in a wide range before noon. The spot price of aluminum ingots in Shanghai is between 14650-14670 yuan / ton, the spot price of aluminum ingots in Wuxi is between 14670-14690 yuan / ton, the spot price is about 90 yuan / ton higher than yesterday, and the spot price is between 90-110yuan / ton. the spot price difference between the current and next month is around 10 yuan / ton, part of the imported aluminum ingot price is between 14610-14630 yuan / ton, and the price in Hangzhou is between 14670-14690 yuan / ton. Today, the market holder is still active in shipping, although there is no shortage of spot goods and rich brands, but the holder is relatively high price. judging from the current spot circulation and transaction situation in the market, it is expected that the rising water will continue to fall, and the middleman will be active in reverse shipment. some merchants take into account the invoice factors, today is more active to receive goods, the two sides trading is OK. Although a large company announced its purchase plan today, the quotation does not have an advantage, so it is difficult for the holder to recognize it, and the actual delivery volume is not much. Today, the downstream is dominated by on-demand procurement, and downstream consumption weakens after entering the traditional off-season. The overall transaction in East China is mediocre today. (Xu Man 021-51595898)

 

Quotation
aluminum ingot
noon news

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