Tight supplies drive south China purchases in spot aluminium-Shanghai Metals Market

Hot Keywords

  • Zinc
  • MMi Iron Ore Port Index
  • Copper scrap
  • Aluminium
  • Rare earth
  • Copper
  • Morning comments
  • Aluminum
  • Futures movement
  • Inventory data
  • Evening comments
  • aluminum
  • Nickel
  • price forecast
  • VAT

Tight supplies drive south China purchases in spot aluminium

Price Review & Forecast 01:53:34PM Jun 06, 2018 Source:SMM

SHANGHAI, Jun 6 (SMM) – Traders in the spot aluminium market in south China were keen to purchase cargoes on Wednesday June 6 as the Guangdong-Shanghai price spread widened on tight supplies in Guangdong, SMM learned.

Limited arrivals also exacerbated the shortage of supplies. The Guangdong-Shanghai price spread stood at over 100 yuan/mt on Wednesday, compared to some 50 yuan/mt at the end of May.

The rising SHFE 1806 contract in the morning also fuelled traders’ purchasing enthusiasm. Overall trading in south China was brisk with most transactions done at 14,760-14,770 yuan/mt.

Transactions in Shanghai were mostly heard at 14,630-14,660 yuan/mt with discounts of 50-40 yuan/mt against the SHFE 1806 contract. In Wuxi and Hangzhou, transactions were done at 14,630-14,660 yuan/mt and 14,660-14,670 yuan/mt, respectively. East China also saw active trades overall as traders were keen to purchase.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  Market commentary   aluminium 

Tight supplies drive south China purchases in spot aluminium

Price Review & Forecast 01:53:34PM Jun 06, 2018 Source:SMM

SHANGHAI, Jun 6 (SMM) – Traders in the spot aluminium market in south China were keen to purchase cargoes on Wednesday June 6 as the Guangdong-Shanghai price spread widened on tight supplies in Guangdong, SMM learned.

Limited arrivals also exacerbated the shortage of supplies. The Guangdong-Shanghai price spread stood at over 100 yuan/mt on Wednesday, compared to some 50 yuan/mt at the end of May.

The rising SHFE 1806 contract in the morning also fuelled traders’ purchasing enthusiasm. Overall trading in south China was brisk with most transactions done at 14,760-14,770 yuan/mt.

Transactions in Shanghai were mostly heard at 14,630-14,660 yuan/mt with discounts of 50-40 yuan/mt against the SHFE 1806 contract. In Wuxi and Hangzhou, transactions were done at 14,630-14,660 yuan/mt and 14,660-14,670 yuan/mt, respectively. East China also saw active trades overall as traders were keen to purchase.


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn

Key Words:  Market commentary   aluminium