[SMM midday review] East China Aluminum: market demand significantly weakens spot demand to Big discount

2020-01-14

13 Jan:

Aluminum in the month before the opening of the concussion to go down. Trading prices in Shanghai and Wuxi markets were between 14340 yuan / ton and 14340 yuan / ton, while those in Hangzhou were concentrated between 14340 yuan / ton and 14350 yuan / ton, with a drop of more than 140 yuan / ton compared with the previous transaction day. 

In the morning, the holder of the goods is active, the middleman can receive the goods, but due to the lack of participation of a large customer, the transaction between the two sides is more general, because the transaction has not been hot all the time, the holder expects that the subsequent consumption is difficult to improve and gradually tends to sell at a lower price. The spot quotation was once close to 14300 yuan / ton, and the discount gradually opened up, but at this time the middleman hesitated to receive the goods first, and the transaction between the two sides became light, and the actual transaction was not much. 

A small amount of stock downstream today, due to the gradual entry into the holiday cycle, the volume of goods received is significantly lower than in the previous two weeks. The overall transaction in East China was poor today.

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