[SMM Meridian Review] East China Aluminum: the transaction Heat in the near Holiday Market has fallen back

SMM4, 30th:

In the early afternoon, aluminum was suppressed first and then raised. Shanghai Wuxi area holders quoted between 12780-12800 yuan / ton, spot prices rose 20 yuan / ton compared with yesterday, the surface rising water concentrated in 60-80 yuan / ton, 11: 00 after the market transaction heat dropped significantly, the rising water narrowed slightly. Today is the last spot trading day before May Day, as most traders close accounts or prepare for a holiday, and a major household has not announced their procurement plans today, the market transaction atmosphere is not as good as the previous two days, buyers and sellers generally trade. Downstream today part of the stock, the enthusiasm of receiving goods is not as obvious as yesterday. The overall transaction in East China is OK today.

(Xu Man 021-51595898)