[SMM midday review] East China Aluminum: aluminum in the future rose sharply, spot rose and fell back.

SMM5, 11th May:

Aluminum shock went up in the early afternoon. Shanghai Wuxi market spot price first suppressed and then rose, the holder quotation concentrated in 13000-13020 yuan / ton, the spot price rose 180 yuan / ton compared with last Friday, the plate rose between 70-90 yuan / ton. Today, the holder of the shipment is more active, the middleman received the goods normally, a large household normally carried out the procurement plan, the buyer and seller can deal fairly well, but because the aluminum is stronger, the actual transaction discount has dropped significantly compared with the previous two days. Today, the downstream mainly buys goods on demand, due to the sharp rise in aluminum prices, the willingness to replenish is not strong.

(Xu Man 021-51595898)