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[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.
May 22,2020 12:07CST
translation
Source:SMM
The base price falls sharply, the monthly spread narrows, and the price gap between Guangdong and Shanghai continues to widen.
The content below was translated by Tencent automatically for reference.

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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