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[SMM Review] South China Aluminum: futures pull up spot and weak Price spread between Guangdong and Shanghai continues to narrow
Apr 29,2020 12:12CST
translation
Source:SMM
Futures pull up spot and weakness the spread between Guangdong and Shanghai continues to narrow
The content below was translated by Tencent automatically for reference.

SMM4, 29th:

Today, South China spot market trading is not smooth, aluminum ingot discount expansion, big customers slightly procurement, next month ticket price in 12970-12980 yuan / ton, the current monthly ticket price in 12990 yuan / ton near; after the suspension of futures, spot weakness and weakness, transaction prices in the 1299010-13010 yuan / ton range. The spot price difference between Guangdong and Shanghai narrowed to 170-190 yuan per ton. Out of the warehouse to reduce the downstream pre-season stock close to the end, Shanghai aluminum 05 / 06 difference fluctuated violently, the actual spot transaction price to the 05 contract rose and fell back to 250 yuan / ton, the basis weak adjustment.

(SMM Child Forest 075785511521)

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