[SMM afternoon Review] South China Aluminum: aluminum futures skyrocketed in recent months to expand spot discount

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)

"Click to view SMM historical price data