SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
DashboardDatabaseProReportsEventsCar Insight
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?

China Aluminum Market to Reach Balance in 2019, SMM Predicts

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

For queries, please contact William Gu at williamgu@smm.cn

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

Related news

SMM Events & Webinars

All
MOST POPULAR
1.Research On The Supply Chain Of Aluminum Anti-collision Beams For Automobiles
2.Aluminum Wire Supplier Screening
3.Cost Analysis Of AL Extrusion For Target Units
4.Research On The Sustainable Development Layout Of Key Players(Foil, Roll, Plate)
5.Optimization Of Purchasing Cost For Casting Alloys
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.