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[SMM midday review] South China Aluminium: the return Base in the lead-up to delivery has fallen sharply
May 12,2020 12:07CST
translation
Source:SMM
There has been a sharp drop in the return base in the lead-up to delivery
The content below was translated by Tencent automatically for reference.

SMM5, March 12:

In the morning, there were a large number of shipments in the spot market in South China, and the quotations of the holders continued to decline, with a small number of transactions, and large buyers received the goods, with a transaction price of 13000 won, 13040 yuan / ton. After the suspension of trading, futures broke down, and the trading enthusiasm of traders was not high. The mainstream price has dropped all the way from 13000 yuan / ton to 12950 yuan / ton. The spot price difference between Guangdong and Shanghai narrowed to near Pingshui. Futures near strong and far weak, Shanghai aluminum 05 / 06 difference expanded to 240-300 yuan / ton, spot to 05 contract rose to 0 yuan / ton, the basis fell back sharply, near the delivery period to return.

(SMM Tong Lin 0757Mui 85511521)

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