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[SMM afternoon Review] South China Aluminum: Guangdong base spread dropped significantly, spot price difference between Guangdong and Shanghai maintained stability.
Jul 27,2020 12:13CST
translation
Source:SMM
The base difference in Guangdong has dropped significantly, and the spot price difference between Guangdong and Shanghai maintains stability.
The content below was translated by Tencent automatically for reference.

SMM, July 27th:

Before noon, the mainstream spot transaction price of aluminum ingots in South China was 14500-14520 yuan / ton, and the discount from South China to East China was about 50 yuan / ton, little changed from last Friday. On Friday afternoon, the spot trading price of the Shanghai Aluminum 2008 contract ranged from 40 yuan / ton to 80 yuan / ton, and the spot price was weak. Early trading aluminum opened low and high, shock is strong, the market price is still small discount, the monthly ticket / next month ticket price difference is about 10 yuan / ton, large single batch purchase, futures are higher, the basis decline is obvious, Tianshan, Baikuang, Hope, Shenhuo and other common aluminum to the net price of 0-20 yuan / ton. The second period of aluminum fluctuations, the spot is not significantly up, Monday downstream delivery is not much, but trading between traders is OK; The net price of Pu Aluminum is 0-10 yuan / ton, and the price of Shanghai Aluminum 2008 contract falls to 30-50 yuan / ton. the actual transaction price difference between Guangdong and Shanghai is maintained at 50-60 yuan / ton. low iron such as Hua Qian and Qianxing is 10-30 yuan / ton higher than Pu Aluminium. Rusal and other imported aluminum ingots are 60-100 yuan cheaper than domestic aluminum ingots.

(SMM Tong Lin 0757-85511521)

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