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[SMM midday review] South China aluminum: aluminum prices rise spot water to maintain stability Guangdong and Shanghai price gap narrowed slightly
Apr 10,2020 12:03CST
translation
Source:SMM
Aluminum prices rise spot water to maintain stability Guangdong-Shanghai price gap has narrowed slightly
The content below was translated by Tencent automatically for reference.

SMM4, 10 March:

Aluminum rose to a nearly three-week high. In the morning, there are more shipments in the South China spot market, prices are still divided, the mainstream transactions are concentrated in the vicinity of 11750 yuan / ton, some of the high prices to 11760 yuan / ton, large customers repeatedly offered to receive goods; after the suspension of the narrow shock of futures, the holder quotation rose slightly, traders trading activity in general, transaction prices in the 11760-11770 yuan / ton range. The spot price difference between Guangdong and Shanghai is about 20 yuan per ton. Downstream demand is good, Guangdong aluminum ingots to the warehouse continues, spot rising water to maintain at + 10-20 yuan / ton range, the base difference before delivery is stable.

(SMM Child Forest 075785511521)

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