Home / Metal News / 华南 / [SMM midday review] South China Aluminum: abundant supply of goods in circulation, spot rising and falling sharply
[SMM midday review] South China Aluminum: abundant supply of goods in circulation, spot rising and falling sharply
May 8,2020 12:00CST
translation
Source:SMM
The supply of goods in circulation in the market is abundant, the spot is rising and the water is falling sharply.
The content below was translated by Tencent automatically for reference.

SMM5, 8 March:

In the morning, the South China spot market shipped a large number of goods, received few goods, the purchase price of large customers dropped sharply, the transaction price was 12840-12880 yuan / ton; after the suspension of trading, the futures weak adjustment, the holder price adjustment space is limited, the mainstream price maintained at 1284012860 yuan / ton. The spot price difference between Guangdong and Shanghai narrowed by 100 yuan to 40 murals and 50 yuan per ton. After the price correction, the output of the warehouse increased slightly, but the spot circulation in the market was slightly abundant. The Shanghai aluminum 05 / 06 difference fluctuated in 140-200 yuan / ton, and the spot contract for 05 fell sharply to 130-150 yuan / ton.

(SMM Child Forest 075785511521)

"Click to view SMM historical price data

 

Afternoon news

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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