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[SMM midday review] South China Aluminum: demand good inventory decline Guangdong-Shanghai Price spread narrowed slightly
Apr 3,2020 11:57CST
translation
Source:SMM
Good demand, inventory decline, Guangdong and Shanghai prices slightly narrowed
The content below was translated by Tencent automatically for reference.

SMM4, March 3:

In early trading, aluminum flushed higher and then fell back slightly. Today, Guangdong aluminum ingot market activity is general, shipping and receiving relatively cautious, large customers to increase procurement volume, transaction in 13600-13620 yuan / ton; after the end of the suspension of futures first up and then down, spot quotation followed by wide adjustment, trading price between 13580-13630 yuan / ton, Guangdong and Shanghai price difference narrowed to 2030 yuan / ton. Demand was good, outbound storage remained high, Guangdong aluminum ingot stocks fell 14000 tons on Friday from last week, traders and downstream stock were positive during the week, aluminum ingot base gap slightly stabilized, spot rising water remained around + 20.

(SMM Child Forest 075785511521)

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