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    Home > Chemicals Industry > New Chemical Materials > Aluminum ingot inventories are still moving lower Short-term aluminum prices or high volatility

    Aluminum ingot inventories are still moving lower Short-term aluminum prices or high volatility

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    On Tuesday night, the international nonferrous market was mainly volatile, and the domestic nonferrous night market was volatile
    .
    The main monthly 2008 contract of Shanghai aluminum opened at 13,725 yuan / ton, with the highest intraday 13,755 yuan / ton, the lowest 13,620 yuan / ton, the settlement of 13,675 yuan / ton, and the end closed at 13,655 yuan / ton, up 55 yuan
    .
    Aluminum ingot inventories are still falling, Shanghai aluminum is running strongly during the day, and the resumption of electrolytic aluminum production may constitute pressure, short-term aluminum prices or high volatility
    .

    Aluminum prices

    In the external market, the LME three-month aluminum was reported at 1592.
    5 US dollars / ton at 15:00 Beijing time, down 8.
    5 US dollars, or 0.
    53%,
    from the previous trading day's settlement price.

    In the market, the spot trading price of Yangtze River was 13990-14030 yuan / ton, up 40 yuan; Guangdong South Reserve reported 14080-14140 yuan / ton, up 60 yuan; Hua reported 14120-14140 yuan / ton, up 70 yuan
    .
    Cargo holders are relatively active in shipments, middlemen are enthusiastic about receiving goods, and downstream releases signs of pre-holiday stocking, and transactions are more active
    .

    In terms of news, there are reports that the United States is planning to reimpose tariffs
    on aluminum imports from Canada.
    If Canada refuses to restrict exports, the United States will announce on Friday to reimpose a 10 percent tariff
    on aluminum imports from Canada.
    If tariffs are imposed, they will take effect
    on July 1.

    On the macro front, the release of the preliminary PMI in Europe in June, the United Kingdom and France are generally better than expected, or mark the European economy out of the darkest moment, but it is expected that the economy will need some time
    to recover.
    At present, the inventory of finished products of industrial enterprises has increased, and the downstream order volume is relatively weak, but the disruption of the epidemic to the supply of South American ore is gradually increasing, and there will be important economic data released in the United States during the holiday, and there is also a certain uncertainty in the evolution of the epidemic, suggesting investors to reduce positions and control risks
    .

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