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[SMM afternoon Review] South China Aluminum: the supply of goods in circulation is tight and the spot water rises sharply.

Published: May 19, 2020 12:01
Source: SMM
The supply of goods in circulation is tight and the spot price rises sharply.

SMM5 March 19:

In the morning, there were few shipments in the spot market in South China, and the holders kept selling prices, and the large households purchased many times. The mainstream transaction price was 13540, 13610 yuan / ton, and a small amount of low price was 13530 yuan / ton. During the secondary period, futures rose and fell, shipments slightly increased, and prices continued to decline, with the transaction price falling from 13610 yuan / ton to 13530 yuan / ton. The spot price difference between Guangdong and Shanghai widened to 50 murals and 70 yuan per ton. Futures are nearly strong and far weak, and the monthly difference continues to expand. The difference between Shanghai Aluminum and Aluminum in 06 / 07 has widened to 300 yuan / ton, while the spot price for 06 contract has risen sharply to 260 million yuan / ton. Inventory has declined and the supply of goods in circulation is insufficient. In the short term, the basis difference is strong and difficult to change.

(SMM Tong Lin 0757Mui 85511521)

"Click to view SMM historical price data

 

In the afternoon

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[SMM afternoon Review] South China Aluminum: the supply of goods in circulation is tight and the spot water rises sharply. - Shanghai Metals Market (SMM)