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[SMM midday review] South China Aluminum: the spot shortage Base in Market Circulation soared by 100 yuan
Apr 24,2020 12:13CST
translation
Source:SMM
The basis of insufficient spot circulation in the market has skyrocketed by 100 yuan.
The content below was translated by Tencent automatically for reference.

SMM4, 24th:

Before noon, there were not many shipments in the South China spot market, and the monthly tickets rose and closed, and the major investors made a strong offer to receive the goods, and the mainstream price was 1269012710 yuan / ton. After the suspension, the futures fell first and then rose, the spot quotation fluctuated within a narrow range, and the transaction price was 12670-12710 yuan / ton after the deviation. The spot price difference between Guangdong and Shanghai soared to 220-240 yuan per ton. Guangdong aluminum ingot inventory fell to 273000 tons on Friday, the high delivery of goods continues to be in the doldrums, tight circulation, Guangdong spot prices rose sharply, Shanghai aluminum 05 / 06 difference fluctuated in 80-100 yuan / ton, spot to 05 contract rose to close to 300 yuan / ton, next week after the start of a new round of long orders, the upward momentum of the base will be weakened.

(SMM Child Forest 075785511521)

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