 Home > Chemicals Industry > New Chemical Materials > August 3 aluminum market morning review

August 3 aluminum market morning review

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

Tags

high nose

poly aluminum chloride

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

Aluminum market early comment: the domestic supply side continues to be disrupted, which also stimulates the strengthening of external aluminum prices
.
However, the July manufacturing PMI of China and the United States was less than expected and the current rebound of the epidemic triggered market concerns about consumption and affected the rise in aluminum prices
.
The three-month aluminum price on the London Stock Exchange peaked at $2,642 / ton, closing at $2,613 / ton, up 0.
6%.

Shanghai aluminum opened high and low overnight, and the main 2109 contract closed below 19900 yuan / ton
.

Aluminum City

The spot market did not trade well
in the morning.
Cargo holders are actively shipping, but high aluminum prices suppress downstream enthusiasm for receiving goods
.
The mainstream trading price in Shanghai is 19,830 yuan / ton, which is about 50 percent lower than that of futures
.
The mainstream transaction price in Guangdong is 19970 yuan / ton
.

High aluminum prices have curbed current consumption, and the domestic epidemic has spread again in recent days, making the market sentiment cautious
.
However, the interference on the supply side of the aluminum market has intensified, production has been frustrated, and the growth rate has been lowered, which has strong support for prices
.
Although the current price transmission is subject to certain resistance, but after the off-season is expected to be optimistic, aluminum prices are still prone to rise and fall, it is recommended to bargain and do long
.

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.