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[SMM afternoon Review] South China Aluminum: the monthly difference of aluminum futures narrowed and the base spread continued to be adjusted weakly.
May 28,2020 12:03CST
translation
Source:SMM
The monthly difference of aluminum in the future narrowed and the base spread continued to be adjusted weakly.
The content below was translated by Tencent automatically for reference.

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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