[SMM midday review] South China Aluminium: inventory continues to fall, circulation supply is tight, demand is tight, base difference continues to strengthen.

SMM4, March 2:

In the early afternoon, aluminum fell first and then rose, and the shock was weak. In the morning, there were many inquiries and quotations in the South China spot market, but there were differences in prices between the two sides, and the transaction prices continued to be concentrated in 11330-11340 yuan / ton. After the suspension, the futures continued to rebound, and the holder quotes continued to rise. The transaction price rose to 11350-11400 yuan / ton range. The spot price difference between Guangdong and Shanghai is maintained at about 40 yuan per ton. Downstream procurement stock is active, inventory decline than yesterday expanded, circulation supply is still tight, aluminum ingot base difference is strong, spot water rose to + 20 near.

(SMM Child Forest 075785511521)

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