 Home > Chemicals Industry > New Chemical Materials > August 17 aluminum market morning review

August 17 aluminum market morning review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

smelting aluminum cans

aluminum strut channel

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

Aluminum market morning comment: China's economic indicators fell, the dollar index rebounded, and most of the overnight outer metals closed down
.
The London Stock Exchange three-month aluminum price fell 0.
25% to $2604.
5/ton
.
Shanghai aluminum night trading strengthened again, the main 2109 contract closed above 20230 yuan / ton
.

Aluminum City

The morning spot market trading is mainly between middlemen and traders, and the downstream purchase is more at a low price, and the amount of goods received is limited
.
The mainstream trading price in Shanghai is around 20210 yuan / ton, which is about 30 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 20280 yuan / ton
.

The downturn in domestic economic growth has raised concerns about weakening consumption, but domestic consumption is resilient and overseas consumption remains strong
.
The contradiction on the supply side is more prominent, the "power shortage" problem is difficult to solve for the time being, and the output is greatly affected, supporting aluminum prices to maintain a strong position
.
Operationally, it is recommended to go long
on dips.

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.