 Home > Chemicals Industry > New Chemical Materials > Fundamentals are expected to repair Shanghai aluminum stabilized and rebounded

Fundamentals are expected to repair Shanghai aluminum stabilized and rebounded

 Last Update: 2022-12-23
 Source: Internet
 Author: User

Tags

amount aluminum vaccines

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai aluminum main month 2112 contract, opening 20100 yuan / ton, the highest intraday 20565 yuan / ton, the lowest 19555 yuan / ton, settlement 19710 yuan / ton, the end of the close to 19870 yuan / ton, up 160 yuan
.
Today's Shanghai aluminum ran strongly at noon, the afternoon shock fell back, and the thermal coal diving again during the day fell to the limit to drive the sentiment of the aluminum market, but the aluminum price did not continue to fall after the plunge, but sideways slightly rose 0.
81%, superimposed on downstream demand slightly improved, short-term aluminum prices stabilized and rebounded
.

Shanghai aluminum

Today's Lun aluminum volatility is lower, LME three-month Beijing time at 15:01 at 2694 US dollars / ton, down 54 US dollars, or 1.
97%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20170-20210 yuan / ton, up 850 yuan; Guangdong South Reserve reported 20180-20240 yuan / ton, up 870 yuan; China reported 20230-20270 yuan / ton, up 860 yuan
.
Holders actively ship at high prices, and the receiving party sees the rise and fear, a small amount of purchases, weak trading, and the overall transaction is average
.

China is the world's largest aluminum producer, but aluminum production has declined for five consecutive months, as China's smelter margins are under pressure, and the supply of aluminum market is still tight, spot aluminum has fallen to lead downstream bargain purchases, spot aluminum prices or rise
.
Consumption is gradually repaired, fundamentals are expected to be repaired, the short-term impact risk driven by coal is basically released, a small amount of bargain hunting can be long, it is recommended to wait and see
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.