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Brief review of Shanghai aluminum on August 20

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

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Lacking good news support, Shanghai aluminum maintained a volatile market today, and the main 1810 contract closed down 0.
07% to 14455 at the end of the day, down 10% from the previous trading day; The market is waiting for this week's trade frictions, trading is cautious, short-term aluminum prices maintain a volatile market, but demand improvement and cost support, it is expected that there is little room for deep decline, and the medium-term bullish trend remains unchanged, wait and see for the time being; It is expected that the spot aluminum price will not fluctuate much
tomorrow.

Shanghai aluminum

Today's South China South China aluminum ingot quotation of 14390-14490 yuan, the average price is 14440 yuan, down 50 yuan, the supply is tight, the spot is firm, the holders continue to sell, the downstream replenishment power is insufficient, and the transaction is flat
.
The mainstream transaction price is concentrated between 14450-14460 yuan, which is -10~20 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 40
.
Yangtze River: 14310-14350, 14330 down 40
.
Traders tested the water in the morning market, but the market reflected flat, the market circulation is still abundant, the price has been slightly reduced, the overall transaction is acceptable, the transaction price is 14310 yuan ~ 14330 yuan, compared with the average price of South Reserve East China - 10 ~ 10 yuan
.

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