[SMM afternoon Review] South China Aluminum: aluminum prices continue to rise, inventory increases slightly, spot water continues to fall.

Published: Jul 2, 2020 12:11

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Aluminum prices continue to rise, inventory increases slightly, spot prices rise and water continues to fall.

SMM, July 2:

Before noon, the South China market mainly shipped goods, the price change was small, and large households continued to purchase, with the mainstream transaction price in the range of 14460 won 14470 yuan / ton; the second time futures fluctuated, the spot price fell, and the transaction price fell from 14470 yuan / ton to 14430 yuan / ton. the average spot price / small discount in the morning. The spot price difference between Guangdong and Shanghai is maintained at 40 murals of 60 yuan per ton. Spot to 07 contract water fell to 180 murals 200 yuan / ton, Shanghai Aluminum 07 / 08 difference in 230 murals 270 yuan / ton, aluminum prices rose spot slightly weak, market transactions in general, the basis to maintain a downward trend.

(SMM Tong Lin 0757Mui 85511521)

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In the afternoon

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