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[SMM Meridian Review] South China Aluminium: shipping too much Water to fall back to Guangdong and Shanghai Price spread to maintain Stability
Apr 8,2020 12:01CST
translation
Source:SMM
The price difference between Guangdong and Shanghai is stable when the quantity of shipment goes back to Guangdong and Shanghai.
The content below was translated by Tencent automatically for reference.

SMM4, 8 March:

Aluminum in the future opened low and walked high, and the decline narrowed. In the morning, the holder of the spot market in South China mainly shipped, the inquiry received little, the actual transaction was slightly down, the major purchase and receipt, the mainstream transaction price in 11580-11590 yuan / ton; after the suspension of the futures slightly rebounded, the holder quotation increased, the buyer's willingness to accept the goods weakened, the transaction price rose to 11600-11610 yuan / ton range. The spot price in Guangdong and Shanghai is maintained at 30 / 40 yuan / ton. The good momentum of warehousing continued, Guangdong inventory dropped to less than 400000 tons, under the condition of positive basis difference, shipments increased significantly in the past two days, spot rising water in the vicinity of + 10 yuan / ton.

(SMM Child Forest 075785511521)

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