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    Home > Chemicals Industry > New Chemical Materials > Concerns about the demand outlook still hinder the upside of aluminum prices

    Concerns about the demand outlook still hinder the upside of aluminum prices

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Aluminum market summary: Sino-US trade disputes still exist, overnight aluminum shock after the end of the close down $1, lack of substantial positive support, concerns about the demand outlook is hindered aluminum price upside, is expected to appear aluminum slightly fall
    .

    Aluminum prices

    Futures market: Sino-US trade disputes still exist, investors are cautious, overnight Lun aluminum shock stabilized the end of the day slightly lower, the latest closing quotation of 1786 US dollars / ton, down 1 US dollars, down 0.
    03%, the volume of 7196 hands decreased 2735 lots, the position 699255 increased by 2308 lots
    .
    In the evening, Shanghai aluminum opened high and low, and the latest closing price of the main monthly 1908 contract was 13910 yuan / ton, down 45 yuan, or 0.
    32%.

    London Metal Exchange (LME) on June 13, the latest inventory of London aluminum reported 1075750 metric tons, down 9725 metric tons, or 0.
    90%, from the previous trading day, and the cumulative decline of 15.
    64%
    in the last 25 trading days.

    On June 13, the domestic spot aluminum price fell slightly, and the spot AOO aluminum ingot price of Changjiang Nonferrous Network was reported at 14060 yuan / ton, down 20 yuan; The AOO aluminum ingot price in East China was reported at 14,080 yuan / ton, down 20 yuan
    .
    The speed of aluminum ingot destocking has slowed down significantly, aluminum rod inventory has begun to accumulate, lack of substantial positive support, and concerns about the demand outlook have hindered the upside of aluminum prices, and spot aluminum prices are expected to fall
    slightly.

    Lack of favorable boost, Shanghai aluminum shock fell slightly during the day, as of the close, Shanghai aluminum 1907 contract closed down 0.
    5% to 13935, down 70 from the previous trading day; Entering the traditional consumption off-season in June, the demand for aluminum market has gradually weakened, and the support for aluminum prices is limited
    .
    And the domestic electrolytic aluminum destocking trend has narrowed, aluminum prices rise momentum is insufficient, short-term consumption is difficult to improve, the overall trend of aluminum prices is weak, Shanghai aluminum material repeatedly tested around the 14,000 mark, below pay attention to the 13,800 mark support; for the time being; it is expected that next week's spot aluminum prices will fall, the range is about
    50.

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