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[SMM midday review] South China Aluminum: futures rise near strong, far weaker Guangdong and Shanghai price spread changes little
May 15,2020 12:08CST
translation
Source:SMM
Futures rise nearly strong and far weaker Guangdong-Shanghai spread changes little
The content below was translated by Tencent automatically for reference.

SMM5 March 15:

In the morning, the holder of the South China spot market made a slightly higher price, the buyer also actively inquired and received the goods, and the major buyers purchased in many batches, the mainstream price was 13020-13030 yuan / ton, and some of the low prices were 13000 yuan / ton; the futures in the second period were weakly adjusted, the traders' prices were slightly lowered, and the transaction prices were 130303013050 yuan / ton. The spot price difference between Guangdong and Shanghai is 0-10 yuan per ton. Futures 2005 contract expires today, Shanghai Aluminum 06 / 07 spread to around 250 yuan / ton, spot to 05 contract near Pingshui, the basis still has a strong basis after the change of months.

(SMM Child Forest 075785511521)

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In the afternoon

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