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[SMM afternoon Review] South China Aluminum: the futures price rebounded slightly and the spot water remained stable.
Jul 20,2020 12:24CST
translation
Source:SMM
Futures prices rebounded slightly and spot prices rose to maintain stability.
The content below was translated by Tencent automatically for reference.

SMM, July 20:

Before noon, the mainstream transaction price of South China Pu Aluminum was 14390 Mel 14440 yuan / ton, and the discount of South China to East China was 50 RMB70 / ton, slightly narrower than last Friday. On Friday afternoon, the market for Shanghai Aluminium 2008 contract riser at 180muri 220 yuan / ton, little change. Early aluminum first fell and then rose, the market inquiry received goods enthusiastically, but as the aluminum futures fell again, the price of the holder gradually lowered; the receipt of goods by large households is still not much, and the price is also in the market expectation. Tianshan, Baikuang, Yinhai, Hua and Guizhou and other common aluminum network prices are mainly pasted 10 yuan / ton to Pingshui, while Shenghuo, Hope, Qianxing and other low-iron level water is mainly up to 20 yuan / ton. In the second period, aluminum rebounded without results, and the price of the holder was adjusted synchronously, but the market trading volume was obviously reduced, the demand for receiving goods downstream at the beginning of the week was not high, and the trading deal was OK. Pu Aluminium discounted the net price at 10mur40 yuan / ton, and the uptick for the Shanghai Aluminum 2008 contract was maintained at 180mur220 yuan / tonne. The actual spot transaction price difference between Guangdong and Shanghai was 60Mui 70 yuan / ton, and the low iron price was 10mur30 yuan / ton higher than that of Pu Aluminum. Rusal and other imported aluminum ingots are cheaper than domestic ingots by 80,000,000 yuan / ton.

(SMM Tong Lin 0757Mui 85511521)

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