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    Home > Chemicals Industry > New Chemical Materials > August 2 aluminum market morning review

    August 2 aluminum market morning review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: stimulated by the repression of China's supply, the external aluminum price broke through the previous high on Friday, and the three-month aluminum price on the London Stock Exchange reached as high as 2642 US dollars / ton
    .
    In late trading, gains narrowed as the dollar index rebounded, and the March aluminum price finally closed at $2595.
    5 / ton, up slightly by 0.
    04%.

    Shanghai aluminum fell back in the night session, and the main 2109 contract reached a maximum of 20190 yuan / ton, closing below 19900 yuan / ton
    .

    Aluminum City

    The spot market as a whole suffered, traders performed relatively positively, but downstream received few
    goods.
    The mainstream trading price in Shanghai is around 19,880 yuan / ton, which is about 60 lower than the futures discount
    .
    The mainstream transaction price in Guangdong is around 20,000 yuan / ton
    .

    The tight power supply situation in the southwest region has once again damaged domestic production, and also exacerbated the uncertainty
    of late supply.
    Although there will still be reserve aluminum on the market in the later stage, it is still difficult to make up for the loss
    of production.
    This makes the price of aluminum easy to rise and fall, and it is recommended to buy the idea of
    bargain hunting.

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