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[SMM midday review] South China Aluminium: good demand, good inventory, falling spot rising Water situation does not change
Apr 13,2020 11:59CST
translation
Source:SMM
Good demand, good inventory, continuous decline in spot water, no change in the situation of rising water.
The content below was translated by Tencent automatically for reference.

SMM4, 13 March:

In the morning, there are not many goods received in the spot market in South China, aluminum prices can be concluded at low prices when aluminum goes down, large households have slightly purchased, mainstream transactions are concentrated in the vicinity of 11820 yuan / ton, and a small number of low prices are 11800 yuan / ton. Futures shock after the suspension is on the strong side, traders adjust the price range is not big, the transaction price is in the range of 11820-11840 yuan / ton. The spot price difference between Guangdong and Shanghai fluctuates at 20-40 yuan per ton. Guangdong aluminum ingots out of the warehouse at the weekend to maintain a high level, downstream stock enthusiasm is high, spot on the rising water of the month in the vicinity of 20 yuan / ton.

(SMM Child Forest 075785511521)

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