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    Home > Chemicals Industry > New Chemical Materials > April 19 Shanghai aluminum afternoon comment

    April 19 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Shanghai aluminum main force jumped sharply high to open high, Lun aluminum rose as much as 5% to close at $2575, a nearly seven-year high, Shanghai aluminum rose about 2% in early trading, touching the high of 15345 yuan at the beginning of the year, the rally momentum is like a rainbow, supply concerns or will continue to dominate the trend of aluminum prices, it is expected that today Shanghai aluminum still has a slight rise possibility, under the huge pressure of inventory, beware of pullback risk
    in the short term.

    Shanghai aluminum

    In the spot market, aluminum futures once again refreshed the high, the market bullish sentiment is strong, traders still insist on holding up the price of shipments, the confidence of downstream bargain receiving has been setback, the positive atmosphere of trading has slowed down, and the overall transaction is still active
    .

    In the South China market, aluminum prices performed strongly in the early afternoon, and today's Guangdong spot market transaction was concentrated at 15080~15170 yuan / ton, and the price difference between Guangdong and Shanghai turned positive about 10 yuan / ton
    .
    At present, the market is unanimously optimistic about the price of the future market, so the holders are slightly reluctant to sell, the willingness to ship is not high, the market can circulate limited supply, the willingness of middlemen and downstream to receive goods is significantly enhanced, and the market transaction is extremely hot
    .

    In the East China market, aluminum rose strongly before noon of the month
    .
    Shanghai transaction concentration is 15080~15160 yuan / ton, the discount for the month is 60~50 yuan / ton, Wuxi transaction concentration is 15070~15150 yuan / ton, Hangzhou transaction concentration is 15080 ~ 15170 yuan / ton
    .
    Due to the optimism about the consistency of the future market, the holders are slightly reluctant to sell today, the willingness to ship is not high, the traders with value-preserving exposure in the early stage are relatively active in shipments, and the profits are abundant, the willingness of middlemen and downstream to receive goods is very strong, and the market trading is hot
    .

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