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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on March 4

    Brief review of the aluminum market on March 4

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Aluminum market review: On Monday, the main 1905 contract of Shanghai aluminum opened at 13720 yuan / ton, opening short to occupy the position advantage, the price of the plate fell rapidly, falling below the 5-day moving average, the lowest to 13610 yuan / ton, the lowest level this week; Bulls took the opportunity to increase their positions, and from the end of the morning to the close, the price turned sharply, up to 13690 yuan / ton, and the closing price was 13685 yuan / ton, up 5 yuan / ton throughout the day, an increase of 0.
    04%.

    Aluminum City

    Nanchu South China aluminum ingot quotation 13630-13730 yuan, the average price of 13680 yuan, up 120 yuan, for the flat water of the month, the price upward pressure on the enthusiasm of receiving goods, market shipments are the mainstream, downstream wait-and-see is the mainstay, the overall transaction is sluggish
    .
    The mainstream transaction price is concentrated between 13660-13680 yuan, which is a premium of -20~0 yuan
    compared with the average price of South China Reserve.

    Nanchu East China aluminum ingot quotation 13620-13660 yuan, the average price of 13640 yuan, up 90
    .
    Yangtze River: 13600-13640, 13620 up 60
    .
    The East China market is actively traded, the cargo holders are actively shipped, the market circulation is abundant, the enthusiasm of middlemen to receive goods is improved, the downstream procurement is on-demand, and the overall transaction is
    acceptable.
    The transaction price is around 13610-13660 yuan, which is a premium of -30~20 yuan
    compared with the average price of South Reserve East China.

    Although there is a support for consumption expectations in March ~ May, in the context of continuous accumulation of inventory and further decline of alumina, if there is no obvious positive signal in the short term, the sustained upward momentum of Shanghai aluminum is limited, there is a small pullback space, and continue to pay attention to inventory changes
    .
    Pay attention to the release of the US ISM manufacturing index in February and Canada's GDP in December
    .

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