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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on March 18

    Brief review of the aluminum market on March 18

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Brief comment on the aluminum market: Shanghai aluminum 1905 opened at 13595 yuan / ton
    in the morning on Monday.
    After the opening of the invoice, Shanghai aluminum fell slightly below the 60-day moving average, and the low touched 13575 yuan / ton
    .
    Then maintained a volatile upside, pierced the 5-day moving average at a high in the afternoon, touched 13625 yuan / ton, and closed at 13600 yuan / ton
    at the end of the session.
    Positions decreased by 4668 lots to 285706 lots, and the Shanghai aluminum index 6402 lots to 741198 lots
    .
    Social aluminum ingot inventory increased by 05,000 tons week-on-week, and the unsmooth destocking also means that the downstream recovery is slower, coupled with the cost of electrolytic aluminum still has room to fall, aluminum prices remain volatile and consolidated
    .
    It is expected that Shanghai aluminum will still be volatile and consolidated
    around the moving averages.

    Aluminum City

    Nanchu South China aluminum ingot quotation 13760-13860 yuan, the average price of 13810 yuan, up 60 yuan, the current month premium 250 yuan, the tax difference affected the premium expansion, traders receive goods with a strong atmosphere, holders are cautious in shipment, the overall transaction is still active
    .
    The mainstream transaction price is concentrated between 13790-13830 yuan, which is a premium of -20~20 yuan
    compared with the average price of South China Reserve.

    The price of South Reserve East China aluminum ingots was 13790-13830 yuan, with an average price of 13810 yuan, up 20
    .
    Yangtze River: 13770-13810, 13790 down 20
    .
    On the first day after the change of month, traders in the morning market held a wait-and-see attitude, quotations were scarce, and during the second trading session, some value-preserving goods flowed out, while traders received goods actively due to tax reform, and the overall transaction was acceptable
    .
    The transaction price is between 13780-13810 yuan, which is a premium of
    -30~0 yuan compared with the average price of South Reserve East China.

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