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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on March 29

    Brief review of the aluminum market on March 29

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Aluminum market review, on Thursday, the main contract of Shanghai aluminum 1905 opened at 13675 yuan / ton
    in the morning.
    Before noon, Shanghai aluminum maintained range volatility, after the opening of the low touched 13670 yuan / ton, then the bears left the market, Shanghai aluminum high touched 13710 yuan / ton
    .
    In the afternoon, the amplitude of Shanghai aluminum decreased, and the low number touched an intraday low of 13670 yuan / ton, and the long and short positions at the end of the session closed at 13685 yuan / ton
    .

    Aluminum City

    The quotation of South China aluminum ingots in South China is 13860-13960 yuan, the average price is 13910 yuan, down 10 yuan, the premium of the month is 250 yuan, the holder's month-end set is increasing, the source of goods circulation is abundant, the premium is narrowing, the willingness to receive goods has increased compared with the previous day, and the overall transaction is acceptable
    .
    The mainstream transaction price is concentrated between 13860-13910 yuan, which is -50~-0 yuan
    higher than the average price of South China Reserve.

    Nanchu East China aluminum ingot quotation 13910-13950 yuan, the average price of 13930 yuan, up 30
    .
    Yangtze River: 13910-13950, 13930 up 40
    .
    The supply of monthly tickets decreased during the day, and the holders shipped at a slightly higher price, and the overall transaction was acceptable
    .
    The next month's ticket increased, the quotation was mostly between 13630-13660 yuan, the transaction was better than the previous day, the transaction price of the monthly ticket was between 13920-13940 yuan, and the average price of South China East China was between -10~10 yuan
    .

    Recently, due to the tight supply of ore, the operating capacity of alumina has been reduced, which has temporarily stopped the price of alumina
    .
    In addition, the decline in social aluminum ingot stocks by 56,000 tons indicates to a certain extent that consumption continues to recover, so aluminum prices have rebounded
    slightly.
    It is expected that Shanghai aluminum will remain strongly volatile and try to break through the upper 10-day moving average
    .

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