[SMM midday review] South China Aluminum: general transaction by downstream replenishment continuous traders

SMM4, 9 May:

The range of aluminum is narrow and concussive. In the morning, the activity of the spot market in South China is not high, there are differences in prices between buyers and sellers, and the transaction of low prices is fair. The mainstream price is around 11630 yuan / ton, with a small amount of 11640 yuan / ton. After the suspension, the futures rose slightly, the holder quotation increased slightly, the buyer's willingness to accept the goods weakened, and the transaction price rose to 11640-11660 yuan / ton range. The spot price in Guangdong and Shanghai is maintained at around 30 yuan / ton. Inventory falling day out of storage more than 10,000 tons, downstream is still willing to replenish, spot water in the + 10-20 yuan / ton range, delivery will gradually return to the near period.

(SMM Child Forest 075785511521)

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