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    Home > Chemicals Industry > New Chemical Materials > August 8 aluminum market morning review

    August 8 aluminum market morning review

    • Last Update: 2022-12-03
    • Source: Internet
    • Author: User
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    On Friday, the night market outside the aluminum market rose strongly, of which 3-month Lun aluminum rose 1.
    36% to 1645 US dollars / ton, its performance is much stronger than other base metals, showing that the strength of the US dollar on aluminum prices is limited, last week aluminum prices overall to oscillation finishing, long and short running direction is not clear, short-term London aluminum operating range attention to 1600-1670 US dollars / ton
    .

    Aluminum City

    Industry information: It is understood that the joint venture established by six enterprises, namely Chalco, State Power Investment, Weiqiao Aluminum Power, Yun Aluminum, Jiugang and Jinjiang, has obtained a business license on August 2, named Zhongheng Cooperative Investment Co.
    , Ltd.
    , or intends to carry out commercial storage and storage to maintain the balance
    of aluminum prices.

    Market: On August 5, Shanghai aluminum trading concentrated 12590-12610 yuan / ton, and the premium for the month was 140-160 yuan / ton
    .
    Chinalco, China Power Investment, Weiqiao, Yunaluminum, Jiugang and Jinjiang formed a joint venture to maintain stable aluminum prices, aluminum should rise in response, and the holders rose with the market, especially Wuxi from 12570 to 12590 yuan / ton, high premium and low consumption contradiction under the middleman's willingness to receive goods cautiously, the market believes that today's rise due to news stimulation, downstream enterprises are afraid of heights and wait-and-see sentiment is stronger, and the overall transaction price is suppressed
    .

    Last Friday's night market Shanghai aluminum main contract bucked the trend to rise to 12285 yuan / ton, strongly returned to the moving average group, boosted by the establishment of a joint venture by 6 aluminum companies to maintain stable aluminum prices, while crude oil futures oscillated stronger, partially offset the pressure of the stronger US dollar index
    .
    It is recommended that the Shanghai-aluminum 1610 contract can be backed by 12150 yuan above the dip and build more, the entry reference is around 12200 yuan, and the target is 12400 yuan

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