May 11 aluminum market afternoon review

East China Aluminum: Aluminum oscillated upward
in early afternoon.
The spot price in the Shanghai Wuxi market first fell and then rose, and the quotations of holders were concentrated between 13,000-13,020 yuan / ton, the spot price increased by 180 yuan / ton from last Friday, and the plate premium was concentrated between
70-90 yuan / ton.
Today's cargo holders are more active, middlemen receive goods normally, a large household normally carries out procurement plans, buyers and sellers are trading fairly, but due to the strong aluminum period, the actual transaction premium has decreased
significantly compared with the previous two days.
Downstream is mainly buying goods on demand today, because aluminum prices have risen sharply, and the willingness to replenish goods is not strong
.

South China aluminum: before the afternoon South China spot market shipment-based, the receiver slightly reduced the price, large households continued to purchase, the transaction price was 13020-13040 yuan / ton, some low prices in 13010 yuan / ton; After the suspension of trading, futures fluctuated in a narrow range, traders were not highly motivated to trade, and the mainstream price remained at 13020-13030 yuan / ton
.
The spot price difference between Guangdong and Shanghai narrowed to about
10 yuan / ton.
Futures were strong in the month, the difference between Shanghai aluminum 05/06 months widened to 180-230 yuan / ton fluctuated, the spot pair 05 contract premium fell slightly to 100-140 yuan / ton, and the basis continued to fall
.