[SMM afternoon Review] South China Aluminum: the price of futures has risen in recent months, with a slight correction of the strong basis.

Publicado: May 26, 2020 12:04 (GMT+8)
The price of futures has risen in recent months with a slight correction of the strong basis.

SMM5 March 26:

In the morning, the spot market in South China is strong when the monthly ticket is strong, and the next month ticket supply is numerous, and the purchase by large households is limited. When the monthly ticket transaction price is 13530 won 13540 yuan / ton, the next month ticket price is 13520 won 13530 yuan / ton; the second period futures concussion is strong, the new long single month spot is relatively abundant, and the next month ticket price is 13500 house 13530 yuan / ton. The spot price difference between Guangdong and Shanghai is around 180muri 200 yuan / ton. In recent months, the strong trend continued, the difference between Shanghai Aluminum and Aluminum in 2006 / 07 widened to 300m / t, and the spot premium to 06 contract was 310 RMB / t in 270m / t, with a slight correction in the basis, but by a small margin.

(SMM Tong Lin 0757Mui 85511521)

"Click to view SMM historical price data

 

Declaração sobre a Fonte de Dados: Com exceção das informações publicamente disponíveis, todos os demais dados são processados pela SMM com base em informações publicamente disponíveis, comunicação de mercado e com base no modelo de base de dados interna da SMM. São apenas para referência e não constituem recomendações para a tomada de decisão.

Para quaisquer perguntas ou para obter mais informações, entre em contato: lemonzhao@smm.cn
Para mais informações sobre como aceder aos nossos relatórios de investigação, entre em contato:service.en@smm.cn
[SMM afternoon Review] South China Aluminum: the price of futures has risen in recent months, with a slight correction of the strong basis. - Shanghai Metals Market (SMM)