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[SMM afternoon Review] East China Aluminum: aluminum prices soar and downstream are not willing to buy goods that are afraid of heights.
Jul 30,2020 12:10CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: aluminum prices soar and downstream are not willing to buy goods that are afraid of heights.
The content below was translated by Tencent automatically for reference.

SMM7 March 30:

Aluminum concussion uplink before noon. The spot price of aluminum ingots in Shanghai and Wuxi is between 14980 and 15000 yuan / ton, and the absolute price is about 200 yuan / ton higher than that of yesterday. The spot rising water is around 50 yuan / ton in the morning, and the market demand weakens with the aluminum futures rising. The spot water rising water is concentrated in Pingshui-40 yuan / ton in the later stage, and the rising water is 50-100 yuan / ton lower than yesterday. The spot price difference between the current month and next month in the market is about 10 yuan / ton. The price of imported aluminum ingots is between 14940 and 14960 yuan / ton, and the price in Hangzhou is between 14990 and 15010 yuan / ton. Aluminum futures rose sharply today, the shipper is very active, and the willingness to preserve value has been restrained, the middleman is still dominated by long order replenishment, receiving goods is mediocre, and the market transaction after 11: 00 is also close to the flat spot price near Pingshui. A large family makes normal purchases today, but from the point of view of the procurement plan, it is relatively stable and begins to accept next month's ticket goods. Downstream on-demand stock-based, due to the sharp rise in prices, the willingness to buy goods was frustrated. The overall transaction in East China is poor today. (Xu Man 021-51595898)

Quotation
aluminum ingot
noon news

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