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[SMM afternoon Review] South China Aluminum: aluminum futures skyrocketed in recent months to expand spot discount
Jul 13,2020 12:31CST
translation
Source:SMM
Aluminum futures skyrocketed in recent months to expand spot discount
The content below was translated by Tencent automatically for reference.

SMM, July 13:

In the early afternoon session, the South China market mainly shipped goods, traders cut prices one after another, and large households made a little purchase, with the mainstream transaction price at 15080 won 15100 yuan / ton; futures rose first and then fell in the second period, and the holder adjusted the quotation following the futures, and the transaction price was 15,060 million yuan / ton. The upside-down range of spot prices in Guangdong and Shanghai continued to expand, with a price difference of 300 yuan per ton. Spot to 07 contract discount of about 100 yuan / ton, Shanghai aluminum 07 / 08 difference greatly expanded to 500 yuan / ton or so. Imported aluminum ingots slightly reduced, but still lower than domestic about 60 yuan / ton, Guangdong aluminum ingots accumulation trend gradually, Shanghai aluminum 2007 contract volatility increased before delivery, Guangdong spot or maintain the discount situation.

(SMM Tong Lin 0757Mui 85511521)

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