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[SMM afternoon Review] South China Aluminum: futures have plummeted in recent months and spot prices have risen to maintain stability.
May 13,2020 12:10CST
translation
Source:SMM
Futures have tumbled in recent months, rising spot water to maintain stability
The content below was translated by Tencent automatically for reference.

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)

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