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[SMM midday review] South China Aluminum: too few stocks in circulation, tight spot supply continues to strengthen
Apr 22,2020 12:07CST
translation
Source:SMM
The supply of goods in circulation is relatively small, the supply of goods in circulation is tight, and the rising water of spot continues to strengthen.
The content below was translated by Tencent automatically for reference.

SMM4, 22nd:

In the morning, there are many inquiries and receipts in the South China spot market, and the holdings are also actively quoted and shipped. The mainstream transaction prices are around 12310 yuan / ton and a small number of low prices are 12300 yuan / ton. After the suspension, futures fluctuate within a narrow range, spot quotations remain strong, stock demand is stable, and transaction prices rise to 12320-12360 yuan / ton range. The spot price difference between Guangdong and Shanghai has been expanded to 50-60 yuan per ton. Price fluctuations did not affect downstream demand, good delivery less goods, circulation supply is tight, Shanghai aluminum 05 / 06 gap expanded to 90-100 yuan / ton, spot to 05 contract rose to 130-140 yuan / ton, there is still room above the base difference.

(SMM Child Forest 075785511521)

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