[SMM midday review] South China Aluminium: the Base spread has been greatly reduced and the Price spread between Guangdong and Shanghai has been slightly narrowed.

SMM5, July 7:

In the morning, the South China spot market circulation supply is abundant, the receiving limited quotation is lowered, the big customer continues to purchase, the transaction price is 13110-13130 yuan / ton, a small amount of low price is about 13110 yuan / ton; after the suspension, the futures fall, the holder actively adjusts the price to ship, the downstream receiving goods is not much, the mainstream price drops from 13110 yuan / ton to 13060 yuan / ton all the way. The spot price difference between Guangdong and Shanghai narrowed to 140-150 yuan per ton. Yesterday, the warehouse greatly reduced, inventory continued to increase slightly, Shanghai aluminum 05 / 06 difference in 140-180 yuan / ton fluctuation, spot to 05 contract rose in 210-250 yuan / ton, the base difference fell slightly.

(SMM Child Forest 075785511521)

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