 Home > Chemicals Industry > New Chemical Materials > April 20 aluminum market afternoon review

April 20 aluminum market afternoon review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

Tags

aluminum foil wrap

aluminum acetate formula

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market afternoon comment: the US dollar index fell to a six-week low, overnight Lun aluminum closed up $9, the stable recovery of the global economy strengthens the prospect of increased demand, aluminum ingot social inventory is in a downward trend, it is expected that aluminum will rise
slightly today.

Aluminum City

Overnight, Lun aluminum rushed back down to close Xiaoyang, opening slightly higher at $
2234.
5 today.
Shanghai aluminum rose sharply in daily trading, and fell back to close in the night high to close in small clouds, closing near the 5-day moving average at 18140
.
Shanghai aluminum trading declined, positions rose, and market sentiment was strong
.
Last week, the news of Xinjiang's production restrictions stimulated aluminum prices to rise sharply, but the news was not reliable enough, and it may fluctuate around 18,000 in the short term, and the medium-term trend is still strong
.
Upper pressure 18500, lower support 17500
.

Under the goal of carbon neutrality, the growth of electrolytic aluminum supply will be limited
.
The social stock of electrolytic aluminum continues to decline, and has now exceeded 1.
2 million tons, and it is expected that the follow-up will still be destocked
.
From the perspective of the operating rate of processing enterprises, the operating rate continued to rise, orders improved significantly compared with the previous period, and the consumption of electrolytic aluminum in the second quarter remained unchanged
.
Overall, aluminum prices are easy to rise and fall under the mismatch of supply and demand, and it is recommended to continue to hold
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.