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[SMM afternoon Review] South China Aluminum: the price gap between Guangdong and Shanghai has narrowed slightly in recent months.
May 27,2020 11:59CST
translation
Source:SMM
The price gap between Guangdong and Shanghai narrowed slightly after the monthly difference adjustment.
The content below was translated by Tencent automatically for reference.

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)

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