[SMM midday review] East China Aluminum: traders can still trade downstream rigid demand mainly

SMM, 10 October:

Aluminum in the middle of the month before the narrow concussion slowly down. Shanghai Wuxi market spot quotation is mostly concentrated in 13980-14000 yuan / ton, to the surface of the water between 30-50 yuan / ton, the price fell back 70 yuan / ton compared with yesterday, Hangzhou area spot price in 14000-14020 yuan / ton. Because the accumulated stock volume was gradually released to the market two days ago, and the middlemen received the goods more actively in the past two days, the supply of goods in the market was more sufficient today, and the cardholders shipped normally. Under the background of receiving more than 10,000 tons of goods from a large household, the transaction heat of the buyers and sellers was still OK. After 11: 00, the transaction heat became weak, and the downstream manufacturers mainly left the goods as needed today, which was not much changed from yesterday. The overall transaction in East China was normal today.

(Xu Man 021-51595898)