echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > August 28 aluminum market noon review

    August 28 aluminum market noon review

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market summary: The decline in U.
    S.
    stocks weighed on the sentiment of the commodity market, overnight Lun aluminum fell $8, domestic scrap aluminum imports fell in July, showing that market demand is not good, aluminum prices are cautious, and spot aluminum is expected to rise
    slightly today.

    Aluminum City

    Aluminum fluctuated upward before noon that month, and the high fell slightly before noon
    .
    In the morning, the transaction price of Shanghai Wuxi market in the two places was between 14330-14350 yuan / ton, and the opposite plate premium was between 20-40 yuan / ton, which was nearly 50 yuan / ton higher than the previous day, and the spot price in Hangzhou was between 14350-14360 yuan / ton, and the late 10:30 aluminum continued to rise, and the spot quotation in Shanghai and tin began to be concentrated between 14350-14360 yuan / ton, and the opposite plate premium was between 20-40 yuan / ton, but at this time the transaction heat was not as hot as in the morning, and the actual transaction was not much
    。 Today's market supply is relatively sufficient, because aluminum prices have risen for two consecutive days under the high price of the carrier to ship actively, the willingness of middlemen to receive goods is obvious, and the transaction between buyers and sellers is
    acceptable.
    The downstream is still dominated by on-demand procurement today, and there are no bright spots
    in the mediocre delivery.
    East China's overall transaction today is average
    .

    In the early afternoon, aluminum first rose and then suppressed
    .
    Today's morning market transaction price is mostly concentrated in 14360-14370 yuan / ton, the subsequent aluminum price rises, the market quotation rises to 14370-14390 yuan / ton, but the actual transaction is less, Guangdong-Shanghai price difference is basically maintained around
    20 yuan / ton.
    Guangdong cargo holders are optimistic about the future market, showing a certain reluctance to sell, and middlemen are more active in receiving goods; Local downstream processing enterprises mostly need to purchase, and there are no bright spots
    .
    On the whole, today's Guangdong market is dominated by traders' trading, and the transaction is average
    .

    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.

    Contact Us

    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.