[SMM Review] South China Aluminium: small increase in Post-festival inventory Adjustment of Aluminum Base difference in Guangdong Province

Published: May 6, 2020 12:02

Save

A small increase in Post-season inventory and High Adjustment of Aluminum Base difference in Guangdong Province

SMM5, June 6:

Before noon, South China spot market shipment, traders inquire more to receive less, large customers offer less, the mainstream transaction price in 13150-13160 yuan / ton, a small number of low prices in 13140 yuan / ton; after the suspension of futures narrow volatility, poor demand for shippers down quotation shipment, the mainstream price in 13120-13140 yuan / ton. The spot price difference between Guangdong and Shanghai is maintained at 150-170 yuan per ton. During the holiday, a small number of goods arrived in Guangdong, including some East China transhipment sources, inventory increased slightly compared with before the festival, Shanghai aluminum 05 / 06 difference in 120-180 yuan / ton wide fluctuation, spot to 05 contract rose in 220-260 yuan / ton, the base difference high adjustment.

(SMM Child Forest 075785511521)

"Click to view SMM historical price data

Afternoon news

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn