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    Home > Chemicals Industry > New Chemical Materials > August 15 aluminum market morning review

    August 15 aluminum market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: Affected by China's poor economic data and the rebound of the US dollar index, the outer metal line weakened across the board on Friday, and the LME three-month aluminum price fell 3.
    34% to $2433 / ton
    .
    Shanghai aluminum night trading gap opened low, the main 2209 contract closed below 18280 yuan / ton
    .

    Aluminum City

    In the morning, the spot market remained sluggish, daily prices remained high and volatile, downstream receipts were limited, and middlemen and traders were also cautious
    .
    The mainstream trading price in Shanghai is around 18,640 yuan / ton, which is significantly expanded to about
    350 compared with the futures discount.
    The mainstream transaction price in Guangdong is around 18520 yuan / ton
    .

    The production reduction of a smelter in Sichuan has slowed down the growth rate of domestic production, but the momentum of production growth has not changed, and the operating capacity is still rising, while the current consumption continues to be sluggish, the real estate market continues to drag, and other terminal consumption in the off-season also slows down
    in stages.
    Explicit inventories climbing under the condition of weak supply and demand, and the economic setback under the spread of the domestic epidemic has also seriously reduced confidence, which is not good
    for aluminum prices.
    In terms of operation, it is recommended to operate
    mainly on the high side.

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