echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > February 26 Shanghai aluminum afternoon comment

    February 26 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Yesterday, the main 2004 contract of Shanghai aluminum opened at 13510 yuan / ton, at the beginning of the session to increase the downside, fell below 13450 yuan / ton after began to reduce the upward trend, rebounded to around 13530 yuan / ton after stabilizing, the end of the day closed at 13535 yuan / ton, up 0.
    04%, the volume was reduced to 45,000 hands, the position was reduced to 127,000 hands, night trading continued to be suspended, and the recovery time was to be determined
    .
    The main force of Shanghai aluminum reduced its position and limited rebound, and it is expected that the main force of Shanghai aluminum will run in the range
    of 13400-13700 yuan / ton today.

    Shanghai aluminum

    The performance of the domestic morning spot market is still flat, the enthusiasm of middlemen to receive goods is not high, and the downstream purchases
    on demand.
    The mainstream trading price in Shanghai is around 13,400 yuan / ton, which is about 70 lower than that of futures
    .
    The mainstream transaction price in Guangdong is around 13390 yuan / ton
    .
    The domestic epidemic has been controlled, the progress of enterprises resuming work and production has gradually become smooth, as the operating rate of aluminum processing enterprises gradually rebounds, consumption is expected to gradually improve, and aluminum prices may have a chance to rebound in stages
    .
    Short-term suggestions can be tried on the dip
    .
    At the same time, it is necessary to pay close attention to the negative impact
    of overseas epidemic developments.

    On the whole, the continuous increase in inventories puts pressure on aluminum prices, but some alumina companies have been forced to stop production due to the epidemic, which has supported aluminum prices, and it is expected that Shanghai aluminum will fluctuate within the day, with an operating range of 13300-13800
    .
    Pay attention to the downstream resumption of
    work.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.