[SMM afternoon Review] South China Aluminum: the base difference falls, the monthly spread narrows slightly, and the price gap between Guangdong and Shanghai narrows slightly.

Published: Jul 3, 2020 12:13

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The price difference between Guangdong and Shanghai narrowed slightly.

SMM, July 3:

In the morning, the holder of the South China market actively shipped goods, the willingness to adjust the price was obvious, and there were not many large buyers. The mainstream transaction price was 14450 Mel 14460 yuan / ton; the second period futures fell first and then rose, and the spot price adjusted accordingly. The mainstream transaction price was in the range of 14420 Mel 14460 yuan / ton, and there was a big discount before noon. The spot price gap between Guangdong and Shanghai narrowed slightly to 30 RMB50 / ton. Spot price for 07 contract fell to 140 won 180 yuan / ton, Shanghai Aluminum 07 / 08 spread widened to 260 won 300 yuan / ton, base difference fell monthly spread widened, strong base price suppressed demand, spot rising water is expected to continue to decline.

(SMM Tong Lin 0757Mui 85511521)

"Click to view SMM historical price data

In the afternoon

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