[SMM midday review] South China Aluminum: inventory continues to fall, aluminum prices rise slightly, Guangdong-Shanghai spread remains high

SMM4, 27 March:

Today, South China spot market shipment, the supply of monthly tickets are few and rising transactions, large customers continue to receive goods, the transaction price in 1274012750 yuan / ton, a small number of low prices in 12730 yuan / ton; after the suspension of futures shock slightly higher, spot quotation does not rise but fall, next month ticket supply, transaction price in 12720-12740 yuan / ton range. The spot price difference between Guangdong and Shanghai is maintained at 220-240 yuan per ton. Over the weekend, the increase in delivery of goods is limited, inventory decline is more than 10,000, Guangdong spot remains strong, Shanghai aluminum 05 / 06 difference in 80-100 yuan / ton fluctuation, spot to 05 contract rising water maintained at 300 yuan / ton, the pre-festival base difference has room to fall.

(SMM Child Forest 075785511521)

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