March 13 aluminum market afternoon comment

East China Aluminum: Aluminum prices opened diving before noon, and maintained range-bound
volatility in the later period.
Shanghai Wuxi market holders quoted between 12620-12640 yuan / ton, spot premium between 60-50 yuan / ton, the price fell from yesterday to around 90 yuan / ton, Hangzhou price between 12640-12650 yuan / ton
.
Today, a large household announced a small number of purchase notices, the market supply is still relatively excessive, the holders are actively shipping, the spot discount is slightly expanded compared with yesterday, the willingness of middlemen to receive goods is general, and the trading between buyers and sellers is poor
.
Downstream procurement is mainly on demand today, because aluminum prices have fallen for several days, downstream sentiment is on the sidelines, and the enthusiasm for receiving goods is not high
.
East China has a poor overall transaction today
.

South China Aluminum: The main force of aluminum continued to weaken in early afternoon
.
In the morning market, the Guangdong market is still mainly shipped, the receipt is limited, the quotation of the holder continues to decrease, the mainstream transaction price is 12620-12630 yuan / ton, large households are purchasing at a high price, and some high prices are around 12640 yuan / ton; After the suspension of trading, the futures range fluctuated, the spot trading price remained around 12620 yuan / ton, some low prices to 13610 yuan / ton, Guangdong and Shanghai spot price difference slightly inverted at -
10 yuan / ton.
Delivery is approaching, the negative basis of Guangdong spot is slightly narrower than yesterday, the monthly difference is expanding, some of the market just need to stock, and the overall trading is not strong
.