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Brief review of the aluminum market on May 11

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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10 20 simplified

aluminum chloride

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Aluminum prices yesterday's stop falling rebound market has not been continued today, the current aluminum market is in the traditional consumption off-season, the price rebound strength is not enough
.
Although the market has spread the news of production capacity from time to time, there has been no actual action, the market has doubts about the actual impact of capacity reduction, and the purchase is still cautious
.
However, under the tide of environmental protection, the demand for aluminum rods has risen
.

Aluminum City

In terms of the market, the holders are reluctant to sell, maintain a small amount of premium and price shipments, and the downstream does not show the demand for stocking near the weekend, all are mainly on-demand procurement, and the market trading situation is average
.

The price of Nanchu East China aluminum ingots was 13680-13720 yuan, with an average price of 13700 yuan, an increase of 10 yuan
over the previous trading day.
In the early days, Shanghai and Wuxi traded around 13,740-13,750 yuan, and then futures fell, and the trading price of the two places fell to around
13,700 yuan.
The transaction price of Shanghai and Wuxi is 0~+50 yuan / ton
higher than the average price of South Reserve East China.

The price of South China aluminum ingots in South China was 13700-13800 yuan, with an average price of 13750 yuan, up 10 yuan
.
The market circulation supply is relatively abundant, the downstream demand is slightly insufficient, the market transaction price from 13770 yuan to around 13730 yuan, compared with the South China South China average price premium -20~20 yuan
.

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