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Brief review of the aluminum market on May 12

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

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Today's aluminum market fluctuated widely, Shanghai aluminum main force 1707 opened high and low, the current price is near 13900, support is 13500, resistance is 14000
.

Aluminum City

Today's aluminum prices are still unchanged, the price rebound in the off-season is weak, but for aluminum companies, the performance of aluminum prices is stable and more conducive to operation, so the procurement demand of aluminum ingot aluminum rods has risen in recent days, and the transaction is stable and good
.
Affected by this, the current aluminum inventory in the Guangdong market today showed a downward trend, about 348,700 tons, and 70,000
tons of aluminum rods.

In terms of the market, smelters and cargo holders have significantly enhanced their willingness to ship, the market is abundant, the downstream has basically completed the stocking yesterday, today's sporadic procurement, the transaction is mostly concentrated in the transaction between traders, the overall transaction is average
.

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