echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > April 3 Shanghai aluminum afternoon comment

    April 3 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the Shanghai aluminum main 1905 contract opened at 13770 yuan / ton, the opening recorded a long white line, but then the performance of the upward weakness, with the bulls to reduce positions, Shanghai aluminum fell below all the moving averages to probe the low of 13730 yuan / ton, and then around the 5-day moving average shock recovery, stopped at 13795 yuan / ton, continue to lack upward momentum, in the context of the high dollar index under pressure to slide at 13735 yuan / ton, the end of the day slightly up, closed at 13760 yuan / ton
    .

    Shanghai aluminum

    Overnight metal green fat red thin, Shanghai aluminum closed slightly down, because today's aluminum market is relatively calm, it is expected that today's shock operation between 13700 ~ 13800, liter discount in flat water to liter 20 yuan / ton nearby
    .

    The AOO aluminum ingot price in East China was reported at 13760 yuan / ton, up 30 yuan
    .
    The IMF chairman said on Tuesday that global growth had lost momentum amid rising trade tensions and tighter financial conditions
    .
    The global economic slowdown has hit demand, and it may be difficult for aluminum exports in the domestic market to maintain high growth, and spot aluminum prices are expected to rise or fall limited
    today.

    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.