"SMM Analysis: Gongyi region increases destocking efforts, first positive value of price difference between Henan and Shanghai this year

SMM Nov 24 news:

Recently, nearing the settlement date for long-term contracts, downstream replenishment efforts have been active in the Gongyi region, but the circulation of spot goods is relatively tight. The spot premium for Central China continues to tighten. As of today, SMM Central China aluminum price is reported to be flat with the December contract at 18,840 yuan/ton. The price difference between Henan and Shanghai, which was previously more than 100 yuan/ton at a discount, has gradually increased to a premium of 20 yuan/ton, reaching a new high for the year...."