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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on August 23

    Brief review of the aluminum market on August 23

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Thursday, the main 1910 contract of Shanghai aluminum opened at 14330 yuan / ton
    in the morning.
    After the opening, it was mainly short-short in and out, and Shanghai aluminum maintained a narrow range, touching 14320 yuan / ton
    at a low level.
    Subsequently, the funds were mainly out of the market, and both long and short positions were closed, and Shanghai aluminum maintained a narrow range of oscillations, touching 14355 yuan / ton
    in the high digits before noon.
    In the afternoon, the center of gravity of Shanghai aluminum operation shifted downward, and the overall 5-day moving average remained above the oscillation, still dominated by the exit of funds, and closed at 14340 yuan / ton
    at the end of the session.

    South China South China aluminum ingot quotation 14320-14420 yuan, the average price of 14370 yuan, up 40, the current month premium of 25 yuan, the willingness of holders to ship has improved, the source circulation is looser, the market receiving atmosphere is weak, the trading is not ideal, the mainstream transaction price is concentrated between 14360-14380 yuan, compared with the average price of South China South China premium -10~10 yuan
    .

    The price of South Reserve East China aluminum ingots was 14350-14390 yuan, and the average price was 14370 yuan, up 50
    .
    Yangtze River: 14350-14390, 14370 up 40
    .
    Cargo holders continued to ship at high prices, the market circulation was stable, and the receiver received goods steadily, but the transaction was slightly
    deadlocked.
    The transaction was mainly concentrated between 14360-14380 yuan, which was -10~10 yuan higher than the average price of South China East China
    .

    In the short term, the market basically recognizes the reduction of electrolytic aluminum operating capacity in Shandong and Xinjiang, and with the end of the off-season, the performance of Shanghai aluminum is still strong, but in view of the small increase in the social inventory of aluminum ingots by 12,000 tons, the upward momentum of Shanghai aluminum has weakened, and the overall still maintains a strong high level of oscillation, and the amplitude narrows with the lower moving average
    .

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