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[SMM afternoon Review] East China Aluminum: the shippers are active and the spot price is strong.
Jul 31,2020 12:06CST
translation
Source:SMM
[SMM afternoon Review] East China Aluminum: the shippers are active and the spot price is strong.
The content below was translated by Tencent automatically for reference.

SMM7 March 31:

Aluminum concussion fell before noon. The spot price of aluminum ingots in Shanghai and Wuxi is between 14980 and 15000 yuan / ton, and the absolute price is basically the same as yesterday. The spot rising water was about 50 yuan / ton in the morning, and the later aluminum price fell and the holder's relative standing price. The spot rising water then rose to 60-80 yuan / ton, and the rising water was basically the same as yesterday. The difference between the ticket price of that month and next month is about 10 yuan / ton, and the quoted price of imported aluminum ingots in the market is between 14940 yuan and 14960 yuan / ton. The price in Hangzhou is between 14980 and 15000 yuan / ton. Today's market is relatively dull, in the morning, the consignor expects the rising water to fall in the later period, the shipment is very active, the spot supply in the market is sufficient, the middleman can pick up the goods, mainly to fill the order, and the trading between the buyer and the seller is mediocre. After 11: 00, due to the large decline in aluminum futures, the willingness of the consignor to ship has been restrained, and the market transaction heat is not as hot as in the morning. Downstream still buy goods on demand, but due to the approach of the weekend and the recent trend of aluminum prices did not have a significant correction, today's performance weekend stock signs, procurement is better than yesterday. The overall transaction in East China is mediocre today. (Xu Man 021-51595898)

Quotation
aluminum ingot
noon news

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