echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Aluminum market afternoon review on December 20

    Aluminum market afternoon review on December 20

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market summary: the Fed raised interest rates as scheduled and Lun aluminum inventory continued to increase, overnight Lun aluminum fell $19, the market has concerns about the expansion of production scale, aluminum price fundamentals weak situation has not improved, it is expected that aluminum rise and fall are limited
    today.

    Aluminum City

    Aluminum futures opened the gap in the month, the price of the first trading stage leaked too fast, the Shanghai transaction price was between 13520~13530 yuan / ton, with the receipt performance dominated by large households as the main feature, and the center of gravity in the second trading stage drooped again, mainly range-bound
    .
    In the morning, the mainstream transaction price in Shanghai was between 13500~13510 yuan / ton, the discount for the contract of the month was between 70~60 yuan / ton, the transaction price in Wuxi was concentrated at 13500~13510 yuan / ton, and the transaction price in Hangzhou was concentrated between 13520~13540 yuan / ton, and the mainstream transaction price fell by nearly 60 yuan / ton compared with yesterday
    .
    Due to the low price is more recognized, coupled with the approaching weekend, today's downstream receiving is very positive, the cargo holders are also very positive in response to the situation, and traders are driven by the downstream transaction atmosphere to actively trade today
    .
    Today's transaction in East China is better
    .

    Aluminum leakage in the early afternoon, today's Guangdong market spot transaction price concentrated in 13670 ~ 13690 yuan / ton, Guangdong and Shanghai price difference around 180 yuan / ton, today Chalco in Guangdong received 4600 tons, due to the local aluminum ingot inventory continued to decline, SMM data shows that as of today Guangdong public warehouse aluminum ingot inventory continued to drop to 153,000 tons, the holder showed a certain reluctance to sell, shipment enthusiasm is not high, while the middleman is willing to receive goods is better, today's Guangdong spot overall transaction situation is acceptable

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.