March 16 aluminum market afternoon review

East China Aluminum: Aluminum prices fell back before noon
.
Shanghai Wuxi market holders quoted between 12720-12740 yuan / ton, spot discount between 40-30 yuan / ton, the price increased by 100 yuan / ton compared with last Friday, and the price in Hangzhou was between
12730-12750 yuan / ton.
Today is the last delivery day of the month, a large household announced a small number of purchase notices in the morning, the market supply is very loose, the delivery brand is not lacking, although the holders actively ship, but the middleman is not willing to purchase, the spot discount has not significantly narrowed, and the transaction between buyers and sellers is poor
.
Downstream procurement is mainly on-demand today, and the receiving status is not as good as last Friday
.
East China has a poor overall transaction today
.

South China Aluminum: In the early afternoon, the main force of aluminum opened high and went low, and the shock went down
.
In the morning, Guangdong spot is abundant, most shipments, holders after adjusting the price of some transactions, the mainstream transaction price is 12710-12720 yuan / ton, large households slightly purchased, the high price is around 12730 yuan / ton; After the end of the suspension, futures fluctuated in a narrow range, and the spot trading price was around 12710 yuan / ton, and some low prices were 12700 yuan / ton
.
The spot price difference between Guangdong and Shanghai is about -10 yuan / ton, Guangdong spot is relatively weak, and the demand for inventory continued to increase on Monday is weak, and the overall transaction is average
.
The spot basis has not changed much from last Friday, and the Shanghai aluminum 2003 contract was delivered today, and the negative basis after the change month has limited
room for narrowing in the short term.