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[SMM afternoon Review] South China Aluminum: the supply of goods in circulation near the flat water is slightly reduced.
Jul 9,2020 12:06CST
translation
Source:SMM
The supply of goods in circulation near the flat water is slightly reduced.
The content below was translated by Tencent automatically for reference.

SMM, July 9:

In the morning, the supply of goods in circulation in the South China market decreased, the range of spot discount was narrower than that of yesterday, and there were not many purchases by large households, with the mainstream transaction price at 14390 Mel 14400 yuan / ton; the futures rose again in the second period, and the holder kept selling at a positive price, and the transaction price rose from 14400 yuan / ton to around 14450 yuan / ton. The upside-down range of spot prices in Guangdong and Shanghai has expanded, with a price difference of 110 yuan per ton. Spot 07 contract is maintained near Pingshui, in line with early trading expectations, Shanghai Aluminum 07 / 08 differential operating range of 200,280 yuan / ton, there is still room for narrowing. Today, the price of imported aluminum ingots is 50mur70 yuan / ton cheaper than that made in China, and the stock in public warehouses continues to increase, so it is difficult to increase the base difference in Guangdong before delivery.

(SMM Tong Lin 0757Mui 85511521)

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