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[SMM afternoon Review] South China Aluminum: spot Shengshui callback market has increased enthusiasm for receiving goods.
Jul 17,2020 12:40CST
translation
Source:SMM
The enthusiasm of receiving goods in the spot rising water callback market has been improved.
The content below was translated by Tencent automatically for reference.

SMM, July 17:

Before noon, the mainstream transaction price of Pu Aluminum in South China was 14290Mel 14340 yuan / ton, and the discount from South China to East China was about 70 yuan / ton, which was the same as yesterday. Yesterday afternoon, the market for Shanghai Aluminum 2008 contract rising water at 220 million yuan / ton, relatively high, it is expected that today's Shanghai Aluminum 2008 contract rising water will fall. In the early period, aluminum is weak to probe down, the market inquiry is more and less, and after the futures price rebounds, traders receive goods gradually, and large households lower the water to receive goods, and the purchase volume is still not much. Tianshan, Baikuang, Lanjiang, Mengtai and other Pu aluminum net prices are mainly pasted 10 yuan / ton to Pingshui, Russian aluminum, Iran and other imported aluminum ingots are quoted from 30 yuan to 50 yuan / ton, and the quantity is also reduced. During the second period of time, aluminum rebounded slightly, the price of the holder was raised, and the enthusiasm of receiving goods downstream increased. Pu Aluminum rose 40 yuan / ton for the net price, 220 yuan / ton for the Shanghai Aluminum 2008 contract, and 1030 yuan / ton higher for low iron such as Shenhuo and Huaqian than Pu Aluminum.

(SMM Tong Lin 0757Mui 85511521)

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