 Home > Chemicals Industry > New Chemical Materials > August 11 aluminum market afternoon review

August 11 aluminum market afternoon review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

Tags

aluminum polishing supplies

aluminum restoration solution

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

Aluminum market afternoon comment: higher oil prices drove commodities, overnight Lun aluminum closed up $23, the traditional off-season effect downstream demand gradually weakened, while smelters accelerated new production resumed, it is expected that aluminum will continue to fall
today.

Aluminum City

Foshan aluminum: 8/11 South Reserve Foshan aluminum ingot quotation 14350-14410 yuan, the average price of 14380 yuan, down 100 yuan, to the month flat water yuan
.
The absolute price continued to fall, the enthusiasm of cargo holders to ship was not high, bargain-hunting traders purchased inventory, spot prices were stable, and the overall trading was better than yesterday
.
The mainstream transaction price is concentrated between 14360-14390 yuan, which is -20~10 yuan
higher than the average price of Foshan in the South Reserve.

Wuxi aluminum: 8/11 Nanchu Wuxi aluminum ingot quotation 14440-14480 yuan, the average price of 14460 yuan, down 120 yuan, up 80 yuan
to the month.
The base price fell, the shippers' shipments did not decrease, the demand side received goods to maintain stability, and the supply and demand trading was deadlocked on the price, and the market performance was not satisfactory
.
The spot transaction price is concentrated in 14440-14470 yuan, which is -20~10 yuan higher than the average price of Nanchu Wuxi
.

Pressured by Sino-US tensions, weak consumption and the impact of imported supplies, domestic aluminum prices have continued to pullback, and user purchases have been more positive
than in the previous period.
Overall, aluminum prices rushing back down are conducive to risk release, short-term aluminum prices may be expected to rebound, but whether it can successfully bottom depends on market consumption
.

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.