[SMM afternoon Review] South China Aluminum: after the current price continues to fall, the basis will face a big adjustment after changing the month.

SMM, July 15:

In the early afternoon, the activity of the South China market was higher than that of yesterday, and large households still purchased in single batches, with the mainstream transaction price at 14,750won 14760 yuan / ton, and some low prices around 14740 yuan / ton; the futures in the secondary period fluctuated little, and traders actively adjusted the price for shipment. the transaction price was maintained at 14740 Mel 14,760 yuan / ton, and there was basically no rising water transaction. The upside-down range of spot prices in Guangdong and Shanghai continued to narrow, with a transaction spread of 80 yuan per ton. Spot to 07 contract discount 60mura 100 yuan / ton, Shanghai aluminum 07 / 08 difference in 260murine 360 yuan / ton. The import window continues to open, the supply of goods in the market is abundant, and the long orders of traders are well executed. Today, the delivery of Shanghai Aluminum 07 contract expires, and there is a greater possibility of spot rising water after the change of month.

(SMM Tong Lin 0757Mui 85511521)

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