SMM5, 13 March:
In the morning, South China spot market shipment, trading between traders, large buyers have quoted purchase, transaction price in 12750-12780 yuan / ton, a small number of low prices in 12740 yuan / ton; after the suspension of futures to stop the rebound, traders cherish the selling mood gradually, the mainstream price rose from 12760 yuan / ton to 12810 yuan / ton. The spot price difference between Guangdong and Shanghai is 20-40 yuan per ton. Futures contract fell sharply that month, Shanghai aluminum 05 / 06 gap significantly narrowed to 150 yuan / ton, spot to 05 contract water in 0-20 yuan / ton, delivery near the base change space is limited.
(SMM Tong Lin 0757Mui 85511521)
"Click to view SMM historical price data
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn