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Brief review of Shanghai aluminum on July 5

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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The United States plans to impose 25% tariffs on $34 billion worth of Chinese goods on July 6, at the same time, today Chinese customs also said that the United States will also impose tariffs after the US tariffs take effect, affected by this, Shanghai aluminum fell more in the afternoon, but compared with other metals, still performance resistance, today's Shanghai aluminum main 1808 contract closed down 0.
82% to 13920, down 115 from the previous trading day; The trade war has escalated again, making the trend of metals uncertain, short-term is expected to maintain a volatile market, Shanghai aluminum is supported by costs, it is expected that there is little room for decline, and the 13700-13800 mark is supported below; Spot aluminum is expected to fall
tomorrow.

Shanghai aluminum

Today's South China aluminum ingot quotation of Nanchu South China is 13900-14000 yuan, with an average price of 13950 yuan, down 80
.
Morning futures first rose and then fell, spot slightly premium, traders traded actively in the secondary trading session, but downstream demand was obviously weak, the transaction was general, the transaction price was concentrated in 13940-13960 yuan, compared with the South China South China average price premium -10~+10 yuan
.

Today's Nanchu East China aluminum ingot quotation is 13850-13890 yuan, the average price is 13870 yuan, down 70
.
Yangtze River: 13860-13900, 13880 down 60
.
Cargo holders recovered from shipments, but quotations were slightly firm, traders received goods at more pressures, downstream maintenance just needed to purchase, and market transaction activity declined
.
The transaction price is 13860 yuan ~ 13890 yuan, which is a premium of -10~20 yuan
compared with the average price of South Reserve East China.

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