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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on May 16

    Brief review of the aluminum market on May 16

    • Last Update: 2022-12-05
    • Source: Internet
    • Author: User
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    In the morning aluminum market bulls gradually took profits and left the market, Shanghai aluminum failed to hold the 14,000 yuan line, but the performance is still strong, better than other metals performance is better to resist
    declines.
    The capital side is tight in the medium and long term, coupled with the news side is not further positive, the bulls are cautious
    in chasing higher.
    However, technical indicators are good, the trading center of gravity shows signs of upward shift, the downward willingness may be further weakened, short-term or in the range of 13800-14100 yuan oscillation.

    Aluminum City

    In terms of the market, South China A00 aluminum ingots rose 10 yuan
    today.
    The high level of aluminum fell back, and the willingness of holders to ship was still positive, but downstream due to bearish and reduced orders, the willingness to receive goods was flat, the wait-and-see attitude was strong, and the market trading situation was flat
    .
    Foshan A00 aluminum ingots are sold in batches, and the factory price is 13940-13960 yuan per ton
    .

    Nanchu East China aluminum ingot quotation 13840-13880 yuan, the average price of 13860 yuan, up 10
    .
    East China today transaction is relatively small, the willingness of holders to ship is enhanced, downstream enthusiasm is not high, Shanghai transaction price is 13850-13870 yuan, compared with the South Reserve East China average price premium -10-10 yuan / ton
    .
    The transaction price of Wuxi is 13840-13870 yuan, which is a premium of -20-10 yuan / ton
    compared with the average price of South China East China.

    The price of South China aluminum ingots in South China is 13830-13930 yuan, and the average price is 13880 yuan, up 10 yuan
    .
    The narrowing of the far month price difference makes the market circulating supply abundant, the arbitrage space under the current current price difference is narrow, the procurement demand is insufficient, and the shipment is difficult, and the market transaction has dropped from 13890 yuan to 13870 yuan, which is a premium of -10~10 yuan
    compared with the average price of South China Reserve.

    A few days ago, the domestic aluminum market was boosted by the suspension of production of related alumina enterprises and the continuous decline in the high inventory of the five places in the society, and the aluminum price tested the pressure of the Wansi Pass upward, but the overall fundamentals of the market have not changed significantly, and the industry expects that the rebound of aluminum prices will be limited
    .
    At present, demand in the off-season is weakening, and buyers are still cautious on the
    sidelines.

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