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[SMM afternoon Review] South China Aluminum: the price of futures has risen in recent months, with a slight correction of the strong basis.
May 26,2020 12:04CST
translation
Source:SMM
The price of futures has risen in recent months with a slight correction of the strong basis.
The content below was translated by Tencent automatically for reference.

SMM5 March 26:

In the morning, the spot market in South China is strong when the monthly ticket is strong, and the next month ticket supply is numerous, and the purchase by large households is limited. When the monthly ticket transaction price is 13530 won 13540 yuan / ton, the next month ticket price is 13520 won 13530 yuan / ton; the second period futures concussion is strong, the new long single month spot is relatively abundant, and the next month ticket price is 13500 house 13530 yuan / ton. The spot price difference between Guangdong and Shanghai is around 180muri 200 yuan / ton. In recent months, the strong trend continued, the difference between Shanghai Aluminum and Aluminum in 2006 / 07 widened to 300m / t, and the spot premium to 06 contract was 310 RMB / t in 270m / t, with a slight correction in the basis, but by a small margin.

(SMM Tong Lin 0757Mui 85511521)

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