 Home > Chemicals Industry > New Chemical Materials > August 17 aluminum market afternoon comment

August 17 aluminum market afternoon comment

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

Tags

bond aluminum

what aluminum react

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

This morning, the trading of London and Shanghai aluminum was relatively light, showing a narrow range of volatility
.
Lun aluminum runs in the 2035-2050 US dollar volatility range, with up and down fluctuations of only $
15.
In the domestic aluminum market, Shanghai aluminum runs in the range of 14500-14550 yuan, and the fluctuation is only 50 yuan
.
In the previous trading day, the impact of the fundamentals was more severe, and there was little breathing space, and it is expected that the next trend of the two aluminum in London and Shanghai still needs more capital and fundamental guidance
.
Influenced by multiple macro factors
.
Both aluminum and Shanghai are expected to be volatile during the day
.

Aluminum City

East China market, aluminum in the early afternoon narrow range of the month of the month around 14400 yuan / ton, Shanghai spot trading concentrated 14360-14370 yuan / ton, the month discount 50-40 yuan / ton, Wuxi spot transaction 14360-14370 yuan / ton, Hangzhou spot transaction 14360-14380 yuan / ton
.
The overall trading market situation fell slightly from yesterday, and the downstream chasing sentiment was not strong
.
Gongyi local feedback transaction concentrated 14290-14300 yuan / ton, East China spot discount 80-70 yuan / ton, Linyi local spot transaction continued to East China discount around 40 yuan / ton, the average transaction price of 14320-14330 yuan / ton
.

South China market, aluminum narrow operation in early afternoon, South China spot trading 14480-14490 yuan / ton, the monthly premium of aluminum is 80-90 yuan / ton, East China spot trading premium of 130 yuan / ton is around, after the spread of East China to South China is expanded, the downstream feedback is low in willingness to chase up, which restricts the overall transaction activity to fall, and it is difficult to see weekend stocking
.
In the short term, the widening of the Shanghai-Guangdong price gap will attract some sources of goods to the Guangdong market
.

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.