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[SMM midday review] South China Aluminum: futures prices plummeted, spot strength, base spread strengthened again.
Apr 21,2020 11:57CST
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Source:SMM
Futures prices tumble spot strength spreads strengthen again
The content below was translated by Tencent automatically for reference.

SMM4, 21 March:

In the morning, there are many inquiries in the South China spot market, traders are active in low prices, large investors are buying at high prices, and the transaction prices are in the range of 12290-12310 yuan / ton. After the suspension, futures are weak, spot prices are relatively strong, and downstream demand is fair. The transaction price is in the range of 1227012300 yuan / ton. The spot price difference between Guangdong and Shanghai is about 40 yuan per ton. After the sharp rise in aluminum prices, the downstream stock volume has decreased, but the storage situation continues, the spot to 05 contract rose to 80 yuan / ton, before noon Shanghai aluminum 05 / 06 difference fluctuated between 40-60, the base difference is expected to continue to strengthen.

(SMM Child Forest 075785511521)

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