[SMM afternoon Review] South China Aluminum: the sufficient supply of goods in circulation in the market continues to be under pressure.

Published: Jul 1, 2020 12:25

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The abundant supply of goods in circulation in the market continues to be under pressure.

SMM, July 1:

In the morning, the supply of goods in the South China market is abundant, and the holders actively ship goods, and large households adjust the price to purchase. The mainstream transaction price is 14400, 14410 yuan / ton; the second period futures shock is strong, the spot price is slightly raised, and the mainstream transaction price is in the range of 14400, 14420 yuan / ton, mainly with a small discount before noon. The spot price gap between Guangdong and Shanghai narrowed slightly to 40 murals and 60 yuan per ton. Spot against 07 contract water fell to 200mura 240 yuan / ton, Shanghai aluminum 07 / 08 spread expanded to 220lb 260 yuan / ton, futures uplink spot with weak, the new month market supply and demand is weak, the basis continues to be under pressure.

(SMM Tong Lin 0757Mui 85511521)

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In the afternoon

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