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Brief comment on the aluminum market on April 19

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Aluminum market review, Thursday Shanghai aluminum main contract 1906 contract opened at 14030 yuan / ton in the morning, opening bears twice tried to suppress at a high level, but unexpectedly bulls more strengthened, as of the morning close before the price unilaterally closed at 14080 yuan / ton, most of the increase came from long position support; In the afternoon, the opening bears entered again, the market rushed to 14110 yuan / ton after falling, the bulls left the market one after another, and finally closed at 14055 yuan / ton, up 65 yuan / ton from the previous day, up 0.
46%;

Aluminum City

South Reserve South China aluminum ingot quotation 13970-14070 yuan, the average price of 14020 yuan, up 50 yuan, for the flat water of the month, the plate is high downstream wait-and-see, traders are bullish to receive goods, sufficient supply and stable premium, the trading volume is general, the mainstream transaction price is concentrated between 14010-14030 yuan, compared with the average price of South China - 10~10 yuan
.

Nanchu East China aluminum ingot quotation 13990-14030 yuan, the average price of 14010 yuan, up 40
.
Yangtze River: 14000-14040, 14020 up 70
.
Traders are actively trading, the market circulation is abundant, the receiver mostly enters the market to inquire about low-priced sources, while the downstream is afraid of heights and wait-and-see, and the overall transaction is average
.
The transaction price is between 14010-14030 yuan, which is between 0~20 yuan higher than the average price of South Reserve East China
.

Guangdong aluminum rod inventories have also fallen by 11,000 tons in recent days, and the recovery of consumption is in line with expectations, but the height of aluminum price rebound may be limited by the resumption of production last year
.
It is expected that the aluminum price will fluctuate before
14000~14100.

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