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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on April 24

    Brief review of the aluminum market on April 24

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 1806 contract opened at 14335 yuan, intraday high of 14545 yuan low 14220 yuan, and closed at 14385, down 550 yuan / ton
    from the previous trading day.
    The United States extended the business period of Rusal, coupled with the increase in the daily average production of global primary aluminum, the pressure on aluminum market inventory was amplified again, and today's Shanghai aluminum plunged sharply, the current aluminum price trend is still weak, and it is expected to continue to fall
    tomorrow.

    Aluminum City

    Today's South China aluminum ingot quotation is 14430-14530 yuan, the average price is 14480 yuan, down 490 yuan, the circulation is sufficient, the market is mainly shipped, the demand side waits and sees to cause poor circulation, the market transaction is flat, the mainstream transaction price: the monthly ticket is concentrated between 14490-14510 yuan, which is 10~30 yuan higher than the average price of South China; Next month's ticket is concentrated between 14430-14460 yuan, which is a premium of -50~-20 yuan
    compared with the average price of South China.

    Today's South Reserve East China aluminum ingot quotation is 14470-14510 yuan, the average price is 14490 yuan, down 440
    .
    Yangtze River 14470-14510, the average price is 14490, down 460
    .
    Holders actively shipped, the market circulation is abundant, the transaction is general, the monthly ticket is concentrated at 14480 yuan ~ 14510 yuan, compared with the average price of South Reserve East China - 10 ~ 20 yuan
    .
    Next month's pass is concentrated at 14480 yuan ~ 14450 yuan
    .
    Compared with the average price of South Reserve East China, the premium is -10~-40 yuan
    .

    This round of Russian aluminum event reversal will make the non-ferrous plate from "external market soaring internal disk and rise" to "external plunge internal slow down", considering that overseas alumina still has a gap, it is expected that domestic aluminum prices in the first line of Wansi still have strong support, the reversal of short-term market sentiment will likely amplify volatility, non-ferrous supply and demand gap is still the value basis of pricing, short-term aluminum-nickel copper is expected to be under pressure adjustment, operational attention to control risks, pay attention to the follow-up impact
    of policies.

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