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    Home > Chemicals Industry > New Chemical Materials > April 11 aluminum market morning review

    April 11 aluminum market morning review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the US dollar index has been strengthening for several days, China's epidemic control suppresses the shortage of consumption, the external aluminum price rose first and then suppressed on Friday, and the three-month aluminum price on the London Stock Exchange closed at 3372 US dollars / ton, down 0.
    82%.

    Shanghai aluminum night trading volatility is weak, the main 2205 contract closed below 21730 yuan / ton
    .

    Aluminum City

    The morning spot market showed obvious differences between the two places, the downstream receiving of goods in the East China market was still affected by shipments, the transaction was limited and dominated by traders and middlemen, and the mainstream transaction price was around 21750 yuan / ton, which was about 100 discount to futures
    .
    The transaction in the South China market has rebounded significantly, and the downstream receiving goods is active, and the mainstream transaction price is around 21830 yuan / ton
    .

    Under the strong domestic epidemic control measures, consumption is still frustrated, and production has accelerated with the rapid increase of operating capacity
    .
    The peak season has some pressure on prices, but consumption expectations are still optimistic, while stimulus policy expectations are strong
    .
    Therefore, the shortage of aluminum prices may be weak, but the downside is limited
    .
    Operationally
    , it is recommended to wait and see.

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