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Brief review of the aluminum market on April 11

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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aluminum cooler

high pressure zone

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The Rusal incident still dominates the market, Lun aluminum shock rises, domestic Shanghai aluminum passively followed, but the rebound is obviously insufficient momentum, today's main contract in the 14500 mark after the resistance after moving down, the end of the close at 14375, slightly up 0.
24%, short-term is expected to rebound space is limited, businesses should not blindly chase higher, continue to pay attention to the 14500 mark
.
Some people believe that the current rise in the price of aluminum in the external market is mainly driven by the news, not the real demand
.
Therefore, under high inventory pressure, aluminum prices may return to fundamentals
after a brief rise.
At present, the downstream aluminum manufacturers in the aluminum market are still mainly purchasing on demand
.

Aluminum City

South China market, today South China South China aluminum ingot quotation 14240-14340 yuan, the average price of 14290 yuan, up 10 yuan, market shipment-based, futures price downward, demand side afraid to fall and wait and see, the transaction is general, the mainstream transaction price is concentrated between 14240-14290 yuan, compared with the average price of South China South China premium -50~0 yuan
.

East China market, today South Reserve East China aluminum ingot quotation of 14210-14250 yuan, the average price of 14230 yuan, up 40
.
Yangtze River: 14210-14250, 14230 up 50
.
Traders receive goods at a low price, holders do not ship smoothly, the market transaction is general, the transaction price is concentrated in 14200 yuan ~ 14240 yuan, compared with the average price of South Reserve East China - 30 ~ 10 yuan
.

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