SMM4, 17 March:
In the morning, South China spot market shipment, slightly discounted to the net price, large customers continue to pick up the price, the mainstream transaction is concentrated in the range of 12190-12200 yuan / ton; after the suspension, the futures center of gravity moves up, the holder adjusts the price to ship, the trader receives the goods still active, the transaction price rises to 12200-12250 yuan / ton range. The spot price in Guangdong and Shanghai has been expanded to 50-60 yuan per ton. Guangdong out of the warehouse within the week to create an all-time high, downstream stock momentum does not change, bullish atmosphere is strong, spot on the 05 contract rose 50 yuan / ton near.
(SMM Child Forest 075785511521)
"Click to view SMM historical price data