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[SMM afternoon Review] South China Aluminum: less arrival inventory decline, price gap between Guangdong and Shanghai continues to widen
May 20,2020 12:07CST
translation
Source:SMM
The price gap between Guangdong and Shanghai continues to widen.
The content below was translated by Tencent automatically for reference.

SMM5 March 20:

In the morning, the spot price in South China was reported high and low, the shipments of the consignors increased, and the large households continued to purchase at a straight price. The mainstream transaction price was 13590 won 13610 yuan / ton, while a small amount of low price was 13580 yuan / ton. In the second period, futures fell first and then rose, and the spot showed a slight decline. Traders received goods at a low price, and the transaction price was 13560 RMB13580 / ton. The spot price difference between Guangdong and Shanghai widened to 100 murals and 120 yuan per ton. Futures are nearly strong and far weak, and the monthly difference continues to expand. The difference between Shanghai Aluminum and Aluminum 06 / 07 has widened to 300mur350 yuan / ton, spot water for 06 contract has risen to 300mur350 yuan / ton, Guangdong aluminum ingot inventory has fallen below 200000 tons, long order execution is not good, the supply of goods in circulation is still tight, and the basis still has room to strengthen.

(SMM Tong Lin 0757Mui 85511521)

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