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    Home > Chemicals Industry > New Chemical Materials > Brief review of Shanghai aluminum on August 16

    Brief review of Shanghai aluminum on August 16

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Affected by the strengthening of the US dollar and the chain reaction of the Turkish lira flash crash continues to expand, coupled with the downward pressure on China's economic data, non-ferrous metals have suffered a heavy decline today, Shanghai aluminum relative to other metals to resist the fall, the main lowest down to 14225 after recovery, the end of the close down 1.
    13% to 14440, down 165 from the previous trading day, Shanghai aluminum main force below the support point around 14200, after a sharp decline in the market, short-term does not rule out the possibility of repair, and Shanghai aluminum has obvious resistance to fall, The main force of Shanghai aluminum continues to compete for the support of the 14500 mark in the short term; Spot dealers can buy in small quantities, and it is expected that the spot aluminum price will be stable
    tomorrow.

    Shanghai aluminum

    Today's South China South China aluminum ingot quotation of 14370-14470 yuan, the average price of 14420 yuan, down 160 yuan, futures soared, holders are still reluctant to sell, maintain high premium shipments, the market receives more and less, the transaction is
    acceptable.
    The mainstream transaction price is concentrated between 14430-14470 yuan, which is 10~50 yuan
    higher than the average price of South China Reserve.

    Today's Nanchu East China aluminum ingot quotation is 14300-14340 yuan, the average price is 14320 yuan, down 160
    .
    Yangtze River: 14320-14360, 14340 down 150
    .
    Traders in the morning are optimistic about the price, receiving goods positively, while the holders are slightly reluctant to sell, the transaction is acceptable, the activity of shippers before the afternoon increases, the spot price is slightly reduced, the transaction is general, the transaction price is 14330 yuan ~ 14340 yuan, compared with the average price of South Reserve East China 10 ~ 20 yuan
    .

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