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[SMM midday review] South China Aluminum: strong demand inventory decline obviously Guangdong-Shanghai Price spread continues to expand
Apr 1,2020 11:57CST
translation
Source:SMM
The decline in inventory in strong demand is obvious. The price gap between Guangdong and Shanghai continues to expand.
The content below was translated by Tencent automatically for reference.

SMM4, January 1:

During the period of aluminum to maintain the concussion situation. In the morning, South China spot market continues the previous active atmosphere, the inquiry quotation is numerous, the low price goods source is cleared quickly, the big customer also puts forward the price to receive the goods, the transaction price is concentrated in 11560-11570 yuan / ton; after the suspension futures weak adjustment, the holder quotation is still strong, the transaction price maintains at 11560-11570 yuan / ton range. The spot price difference between Guangdong and Shanghai rose to 40% 50 yuan per ton. Demand in the lower reaches of Guangdong is strong, inventory is significantly lower than yesterday, circulation supply is tight, aluminum ingot base continues to strengthen, spot rising water rose to near Pingshui.

(SMM Child Forest 075785511521)

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