Home / Metal News / [SMM afternoon Review] South China Aluminum: the base price falls sharply, the monthly difference narrows, and the price gap between Guangdong and Shanghai continues to widen.

[SMM afternoon Review] South China Aluminum: the base price falls sharply, the monthly difference narrows, and the price gap between Guangdong and Shanghai continues to widen.

iconMay 22, 2020 12:07
Source:SMM
The base price falls sharply, the monthly spread narrows, and the price gap between Guangdong and Shanghai continues to widen.

SMM5 March 22:

In the morning, the spot market in South China mainly shipped goods, the market did not receive many goods, and large households made a little purchase. The mainstream transaction price was 13,290mur13,300 yuan / ton, and a small amount of low price was 13280 yuan / ton. Futures rebounded slightly in the secondary period, and trading between traders was general. The transaction price was 13,300 Mel 13330 yuan / ton. The spot price gap between Guangdong and Shanghai has widened to 160 murals of 200 yuan per ton, and cross-regional arbitrage is close to opening. Contracts have plummeted in recent months, with Shanghai Aluminum's 06 / 07 spread narrowing sharply to 200mur250 yuan / ton, spot prices for 06 contracts falling slightly to 280Muth320 yuan / ton, circulation sources slightly increasing, and the base margin adjusted narrowly.

(SMM Tong Lin 0757Mui 85511521)

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In the afternoon

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