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[SMM afternoon Review] South China Aluminum: the basis difference fell more than expected and the price gap between Guangdong and Shanghai widened slightly.
Jul 21,2020 12:06CST
translation
Source:SMM
The base spread fell more than expected and the price gap between Guangdong and Shanghai widened slightly.
The content below was translated by Tencent automatically for reference.

SMM, July 21:

Before noon, the mainstream transaction price of Pu Aluminum in South China was 14310, 14340 yuan / ton, and the discount from South China to East China was 70,390 yuan / ton, which was larger than that of yesterday. Yesterday afternoon, the spot market for Shanghai Aluminum 2008 contract rose 200 yuan / ton, and the price was slightly reduced. Early aluminum concussion downward, market shipments are mainly discounted, some traders to replenish inventory, large households continue to purchase but the quantity is not much, and the receiving price has been greatly reduced; Tianshan, Baikuang, Yinhai, Hua and Guizhou and other Pu aluminum network prices are affixed to 10rel 20 yuan / ton, Shenhuo, Hope, Qianxing and other low-iron flat water to 10 yuan / ton. The second period of aluminum first rose and then fell, the market has a small amount of rising water transactions, downstream just need to purchase mainly, the implementation of long orders of traders is OK, but the overall market trading is general; Common aluminum to the net price of rising water-10murl 10 yuan / ton, to Shanghai aluminum 2008 contract rising water sharply reduced to 100mur140 yuan / ton, the actual transaction price difference between Guangdong and Shanghai in 70mur80 yuan / ton, low iron than Pu aluminum high 10mur30 yuan / ton, Yunnan aluminum, Hualei slightly out of stock, Russian aluminum and other imported aluminum ingots cheaper than domestic 10120 yuan / ton, slightly larger than yesterday.

(SMM Tong Lin 0757Mui 85511521)

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