[SMM afternoon Review] South China Aluminum: imported aluminum ingots hit the spot market and fell 100 yuan in two days.

SMM, July 7:

In the morning, the South China market first suppressed and then rose, the price of cheap goods rebounded after clearing, there were not many purchases by large households, the mainstream transaction price was 14460 won 14470 yuan / ton, and a small amount of low price was 14450 yuan / ton; the second period futures shock was weak, and the spot price fell accordingly, the mainstream transaction price was 14440 won 14460 yuan / ton, there was basically no rising water transaction before noon, and the imported aluminum ingots were 50MUE 80 yuan cheaper than those made in China. The spot price difference between Guangdong and Shanghai is maintained at 30 murals and 50 yuan per ton. Spot to 07 contract rising water fell to 40 murals 80 yuan / ton, Shanghai Aluminum 07 / 08 differential operating range maintained at 240 million pounds / ton, downstream preferred cheap imported aluminum ingots, domestic aluminum ingots shipments were not smooth, public warehouses increased for two days, relatively abundant supply, spot rising water is easy to fall but difficult to rise.

(SMM Tong Lin 0757Mui 85511521)

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