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[SMM afternoon Review] South China Aluminum: the price of aluminum rises slightly, the water is weak, and the spot transaction is mediocre.
Jul 28,2020 11:54CST
translation
Source:SMM
The aluminum price rises slightly, the water is weak, and the spot transaction is mediocre.
The content below was translated by Tencent automatically for reference.

SMM, July 28th:

Before noon, the mainstream spot transaction price of aluminum ingots in South China is 14580-14610 yuan / ton, and the discount from South China to East China is about 50-60 yuan / ton, which has not changed much from yesterday. Yesterday afternoon market spot quotation price for Shanghai Aluminum 2008 contract rising water ranges from 20 to 40 yuan / ton, spot rising water is weak. Aluminum shot up quickly in early trading, the spot performance is weak, the market price discount is mainly, the monthly ticket / next month ticket price difference is about 10 yuan / ton, the purchase price of large households, the futures are fluctuating in a narrow range, Tianshan, Baikuang, Hope, Shenhuo and other common aluminum prices are pasted to the net price of 0-20 yuan / ton. The second period of aluminum weak adjustment, a small drop in late afternoon, spot simultaneous downward adjustment, market trading in general; The discount of Pu Aluminum to the net price is 0-30 yuan / ton, the premium to Shanghai Aluminum 2008 contract is maintained at 30-50 yuan / ton, the actual transaction price difference between Guangdong and Shanghai has widened to 60-80 yuan / ton, and the low iron content of Hua-Qian and Qianxing is 10-30 yuan / ton higher than that of Pu Aluminium. There are differences between the old and new imported aluminum ingots such as Russian Aluminum, Middle East and Southeast Asia, which are 50-100 yuan cheaper than domestic aluminum ingots.

(SMM Tong Lin 0757-85511521)

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