[SMM afternoon Review] South China Aluminum: does the spread between Guangdong and Shanghai further narrow the Buxing in the Lower reaches

Published: Jul 12, 2019 12:03

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Does the spread between Guangdong and Shanghai further narrow the buying interest rate in the lower reaches of the river?

SMM7 12: early afternoon aluminum month to maintain a weak shock situation, today's Guangdong spot transaction prices concentrated in 13720 to 13740 yuan / ton, the month in the rise of 10 to 20 yuan / ton, Guangdong and Shanghai price difference continues to narrow at 10 yuan / ton. Trading between traders is more mundane, the number of recipients is slightly more than yesterday; downstream processing enterprises hold a wait-and-see attitude, and the off-season has arrived, the weekend reserve enthusiasm is not high. On the whole, the spot trading of aluminum ingots in South China today is general.

(SMM Li Hao 021 5166 6863)

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