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Home / Metal News / [SMM afternoon Review] South China Aluminum: the price gap between Guangdong and Shanghai has narrowed slightly in recent months.

[SMM afternoon Review] South China Aluminum: the price gap between Guangdong and Shanghai has narrowed slightly in recent months.

iconMay 27, 2020 11:59
Source:SMM
The price gap between Guangdong and Shanghai narrowed slightly after the monthly difference adjustment.

SMM5 March 27:

In the morning, the spot market in South China is mainly shipping, when the monthly ticket is less, the next month ticket is weak, and the large households do not buy much. The transaction price of the current month ticket is 13520 Mel 13530 yuan / ton, and the next month ticket price is 13500 Mel 13520 yuan / ton; the futures in the secondary period rise and fall, traders do not receive much goods, and the downstream demand is also weak, and the transaction price is 13490tel 13520 yuan / ton. The spot price gap between Guangdong and Shanghai narrowed to 180 yuan per ton. Slightly weaker in recent months today, Shanghai Aluminum 06 / 07 margin narrowed to 250 won 300 yuan / ton, spot to 06 contract rising water at 260 Mel 300 yuan / ton, the basis continues to decline slightly.

(SMM Tong Lin 0757Mui 85511521)

"Click to view SMM historical price data

 

In the afternoon
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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