April 10 aluminum market noon comment

East China Aluminum: Aluminum prices fluctuated upward before noon, and the range fluctuations were dominant
.
Shanghai Wuxi area holders quotation between 11730-11750 yuan / ton, compared with yesterday's price increase of 130 yuan / ton around, Hangzhou area holder quotation around 11740-11760 yuan / ton, before the afternoon holders shipped actively, middlemen trading is also active, in addition to a large East China today received nearly 10,000 tons, traders overall transaction is better
.
As it is close to Friday, the willingness to stock downstream has increased, and the receiving status has improved significantly compared with the previous two days
.
East China has a good overall transaction today
.

South China Aluminum: Aluminum rose to a three-week high
.
In the morning, there were more shipments in the spot market in South China, and there were still divergent prices, with mainstream transactions concentrated around 11750 yuan / ton, and some high prices to 11760 yuan / ton, and large households received goods at high prices for many times; After the suspension of trading, futures fluctuated in a narrow range, the quotations of holders rose slightly, and traders traded actively, with the transaction price in the range of 11760-11770 yuan / ton
.
The spot price difference between Guangdong and Shanghai is about
20 yuan / ton.
Downstream demand is good, Guangdong aluminum ingot destocking continues, spot premium remains in the range of +10-20 yuan / ton, and the basis before delivery is mainly
stable.