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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on October 25

    Brief review of the aluminum market on October 25

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Thursday, the Shanghai aluminum main 1912 contract opened at 13815 yuan / ton in the morning, the first trading stage maintained at 13835 yuan / ton hovering in the first line, the second trading stage some bulls reduced their positions and left the market, aluminum prices fell, fell all the moving averages touched the low point of 13800 yuan / ton, because there is still a certain support level at the threshold, the end of the session low recovered, closing at 13825 yuan / ton, up 40 yuan / ton, up 0.
    29%.

    The price of South China aluminum ingots in South China is 13870-13970 yuan, the average price is 13920 yuan, down 20 yuan, the premium of the month is 35 yuan, the long-term order source circulation is sufficient, the holder and the falling price lower the price of shipments, the demand performance is sluggish, and the market trading is flat
    .
    The mainstream transaction price is concentrated between 13890-13930 yuan, which is a premium of -30~10 yuan
    compared with the average price of South China Reserve.

    The quotation of South Reserve East China aluminum ingots was 13970-14010 yuan, and the average price was 13990 yuan, unchanged
    .
    Yangtze River: 13980-14020, 14000, flat
    .
    The middleman entered to inquire about the source of low-priced goods, the holder shipped actively but the price was still up, aluminum continued to decline in the early afternoon, and the quotation was slightly loosened, but the actual transaction was limited
    .
    The spot transaction price is concentrated at 13970-14000 yuan, which is -20~10 yuan higher than the average price of South China East China
    .

    Shanghai aluminum maintained range volatility during the day, in the context of inventory continued to decline, spot strong background, low bears confidence is insufficient, but due to the pressure above the 20/40/60 daily moving average, it is expected to maintain a weak range in the short term, continue to pay attention to long and short market changes and changes
    in market trading atmosphere.

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