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August 29 aluminum market morning review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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natural gas fittings

topical aluminum chloride

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Aluminum market early comment: European natural gas prices hit a new high, crude oil prices strengthened coupled with the recent European smelter production cuts, last Friday the external aluminum price strengthened, LME three-month aluminum price once rose to 1515 US dollars / ton, and then in the dollar index under the suppression of the decline narrowed, and finally closed at 2490 US dollars / ton, up 2.
24%.

Shanghai aluminum night trading followed the strength, the main 2210 contract gap opened high and rushed to 19250 yuan / ton, then the rise narrowed and closed at 19030 yuan / ton
.

Aluminum City

The morning spot market is not trading well, downstream procurement is limited, there is little stocking, and middlemen and traders are also cautious
.
The mainstream trading price in Shanghai is 18840 yuan / ton, which is about 20 percent lower than that of futures
.
The mainstream transaction price in Guangdong is 18670 yuan / ton
.

Sichuan gradually lifted as the temperature drop gradually lifted, and industrial enterprises resumed work one after another, but due to the temporary difficulty of electrolytic aluminum to quickly resume operation, the shortage of primary aluminum supply or phased tightness
.
However, because the current overall consumption is still weak, although the consumption of automobiles and cables is improving, the drag on real estate is still obvious
.
Shortage of aluminum prices lack of sustained strength drive, it is not recommended to be the highest, you can consider high test short
.

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