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Home / Metal News / Will Widening Aluminum Price Gap between Guangdong and Shanghai Offer Arbitrage Room? SMM Reports

Will Widening Aluminum Price Gap between Guangdong and Shanghai Offer Arbitrage Room? SMM Reports

iconJun 27, 2017 13:29
Source:SMM
Aluminum premiums in Guangdong over Shanghai have expanded to around 130 yuan/tonne recently, SMM learned. 

SHANGHAI, Jun. 27 (SMM) – Aluminum premiums in Guangdong over Shanghai have expanded to around 130 yuan/tonne recently, SMM learned. 

What caused the price spread to widen? Will this offer room for arbitrage?

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The price gap between these two major markets was just 40-80 yuan/tonne earlier. Aluminum billet in Guangdong has gained much more favor than aluminum ingot recently. As such, smelters reduced shipments to Guangdong, pushing down stocks there and allowing local suppliers to hold offers firm, SMM explained. 

China Aluminum Market Destocking Unexpectedly Accelerates in Off-Season, SMM Reports

However, freight charges between Guangdong over Shanghai are about 120 yuan/tonne at present, leaving little room for arbitrage, SMM noted. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
 

aluminum prices
Guangdong aluminum prices
Shanghai aluminum prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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