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August 16 aluminum market noon comment

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Aluminum market summary: the US dollar index continued to rise to put pressure, overnight aluminum shock after stabilization, closed at $1785, global economic growth slowdown concerns shrouded, aluminum prices lack of favorable support upward weakness, it is expected that aluminum today is not much up and down
.

Aluminum City

The performance of aluminum in the month was mainly range-bound
.
The transaction price of Shanghai Wuxi market is between 14240-14260 yuan / ton, the flat water to the premium water of the opposite plate is 20 yuan / ton, the price of the previous day is around 60 yuan / ton, and the spot price in Hangzhou is around
14240-14260 yuan / ton.
Today's market supply is relatively sufficient, holders are actively shipping, but slightly up, aluminum ingot spot high and low price difference is not large, middlemen are also active, buyers and sellers are trading
fairly.
In addition, after a few days of wait-and-see downstream, due to production needs, today finally began to show the state of stocking, and the purchase volume increased significantly compared with previous days
.
The overall transaction in East China today is good, better than the previous two days
.

In the early afternoon, aluminum was volatile and consolidated, and today's trading price in Guangdong was concentrated at 14240-14250 yuan tons, and the price difference between Guangdong and Shanghai was slightly reduced to 10 yuan / ton
.
Today, traders are more active, and middlemen are willing to receive goods; However, only a small number of local downstream purchases are reserved for weekends, and most of them are waiting for
the price performance.
On the whole, today's aluminum ingot spot trading in South China is dominated by traders, and the transaction is average
.

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