[SMM afternoon Review] South China Aluminum: the base spread of Guangdong aluminum falls back and the price gap between Guangdong and Shanghai continues to narrow.

SMM5, 11th May:

Before noon, the South China spot market shipped mainly, the consignee slightly depressed the price, the major customers continued to purchase, the transaction price in 1304013060 yuan / ton, part of the low price in 13030; after the suspension of futures narrow shock, traders trading enthusiasm is not high, the mainstream price maintained at 1304013050 yuan / ton. The spot price gap between Guangdong and Shanghai narrowed to about 30 yuan per ton. Futures were strong in that month, the spread between Shanghai Aluminum and Aluminum in 05 / 06 widened to 180 won 230 yuan / ton, spot to 05 contract rose slightly to 100 won 140 yuan / ton, and the basis continued to fall.

(SMM Child Forest 075785511521)

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