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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on November 2

    Brief review of the aluminum market on November 2

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Aluminum market summary: the dollar continued to fall to boost, overnight Lun aluminum rose $8, weak domestic economic data suppressed commodity market sentiment, aluminum prices lack of support, it is expected that today's Shanghai aluminum narrow range shock, now aluminum or rise or fall little
    .

    Aluminum City

    Aluminum fluctuated upward
    before noon of the month.
    The spot price of Shanghai, Wuxi and Hangzhou is between 14,000-14,010 yuan / ton, and the premium of the opposite plate is around 70-80 yuan / ton, and the spot price is up by about
    40 yuan / ton compared with yesterday.
    Today's spot premium is relatively high, the holders do not ship much, and the price is relatively high, I heard that a large household released long orders and spot is not much and the planned purchase volume is not full, the middleman is still active, but the trading with the holder is more
    deadlocked.
    Because today Friday, the downstream is considering a small amount of stock for the weekend, but in view of the higher price, the downstream is still afraid of heights, and the overall purchase volume has not increased
    significantly.
    East China's transaction is fair today
    .

    In the early afternoon, aluminum entered the short flat of the month, and the performance of aluminum fluctuated
    upward.
    In the morning, the transaction price of the Guangdong market was mainly 13890-13900 yuan / ton, and the subsequent aluminum price rose, and the Guangdong market price rose slightly to around 13910-13920 yuan / ton, and the price difference between Guangdong and Shanghai was 100 yuan / ton
    .
    Due to the abundant supply of goods in the market, it is difficult for the holders to hold the price, and the quotations of the two parties are relatively deadlocked after the price increase, but the price still does not rise significantly; The downstream is acceptable today, and the signs of stocking near the weekend are not obvious
    .
    On the whole, today's aluminum ingot spot trading in South China is general
    .

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