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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on May 22

    Brief review of the aluminum market on May 22

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Brief comment on the aluminum market, Shanghai aluminum main 1906 contract opened at 14390 yuan / ton, after the opening of the short entry, aluminum prices under pressure to leak, give back the previous night's gains, afternoon opening part of the long entry aluminum price slightly stopped falling, the end of the session bulls lack confidence part closed the position, the center of gravity continued to move down, and finally closed at 14310 yuan / ton, down 45 yuan / ton, down 0.
    31%.

    Aluminum City

    South China South China aluminum ingot quotation 14280-14380 yuan, the average price of 14330 yuan, down 10 yuan, the month premium of 90 yuan, large households receive goods to pull up the premium, traders are less willing to receive goods, the market long single circulation is the mainstay, the overall transaction is sluggish, the mainstream transaction price is concentrated between 14310-14330 yuan, compared with the average price of South China - 20~10 yuan
    .

    Nanchu East China aluminum ingots quoted 14220-14260 yuan, the average price was 14240 yuan, down 40
    .
    Yangtze River: 14230-14270, 14250 down 40
    .
    Cargo holders shipped steadily, receivers entered the market to inquire about low-priced sources, and the transaction was
    deadlocked.
    The transaction price is between 14230-14240 yuan, which is a premium of
    -10~0 yuan compared with the average price of South Reserve East China.

    The performance of the market has a correction to the previous days' rally, but from the fundamental point of view, the cost side alumina price continues to rise strongly, and the demand side electrolytic aluminum continues to be strong to destock, still form a support for aluminum prices, is expected to run at 14200-14450 yuan / ton, must continue to pay attention to the long and short situation and macro news trend
    .

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