[SMM afternoon Review] South China Aluminum: the monthly difference of aluminum futures narrowed and the base spread continued to be adjusted weakly.

Published: May 28, 2020 12:03

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The monthly difference of aluminum in the future narrowed and the base spread continued to be adjusted weakly.

SMM5 March 28:

Before noon, the spot market in South China was still in the majority of shipments, and the discount on next month's ticket was expanded, and large households made a slight purchase. When the transaction price of the monthly ticket was around 13590 yuan / ton, the price of next month's ticket was 13550 Mel 13580 yuan / ton. During the second period, futures fluctuated upstream, and the receiving of goods was relatively low. The transaction price was 13530 RMB13560 / ton. The spot price gap between Guangdong and Shanghai narrowed to 100mura 140 yuan per ton. The contract in recent months is still weak, the margin of Shanghai Aluminum 06 / 07 narrowed to 170 won 240 yuan / ton, the spot to 06 contract rose to 260 yuan / ton, the market trading activity is not high, and the basis continues to be weakly adjusted.

(SMM Tong Lin 0757Mui 85511521)

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In the afternoon

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