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[SMM afternoon Review] Huadong Aluminum: the demand of the middleman for receiving and handing over the long order is not high downstream.
Jul 29,2020 14:42CST
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Source:SMM
[SMM afternoon Review] Huadong Aluminum: the demand of the middleman for receiving and handing over the long order is not high downstream.
The content below was translated by Tencent automatically for reference.

On the 29th of the month of SMM7:

Aluminum maintained a wide range of shocks before noon. The spot price of aluminum ingots in Shanghai is between 14760 and 14780 yuan / ton, and the spot price of aluminum ingots in Wuxi is between 14780 and 14800 yuan / ton. the spot price is about 100 yuan / ton higher than yesterday, and the spot price is between 80 yuan and 100 yuan / ton. the spot price difference of the current month and next month is around 10 yuan / ton, the quoted price of imported aluminum ingots is between 14700 and 14720 yuan / ton, and the price in Hangzhou is between 14780 and 14800 yuan / ton. Today, the shippers are very active in shipping, but the willingness to make up the price has not been significantly weakened compared with the previous period. The middleman is mainly responsible for replenishing the goods, and the delivery is mediocre, and the transaction between the buyer and the seller is OK. The normal purchase of a large family today is relatively stable from the point of view of the procurement plan. Downstream on-demand stock is mainly, because the price has increased by more than 100 compared with yesterday, today's replenishment enthusiasm is general, more afraid of high, traders feedback their own cooperation downstream customers feedback order reduction is obvious, the demand for raw materials is not as strong as the previous period. (Xu Man 021-51595898)

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aluminum ingot
noon news

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