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In the early afternoon, aluminum rose straight up in South China's aluminum market

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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On April 14, the aluminum futures contract bottomed out slightly at the beginning of the session, and then the center of gravity of the transaction slowly moved up, and the straight line rose to close at 14250 yuan / ton
before noon.
The rise in aluminum prices has driven the South China aluminum market to be hot
.

South China Aluminum

The spot trading price in Guangdong followed the market all the way up, with the lowest price quoted by holders in the morning being 13,900 yuan / ton, and the market trading as high as 14,000 yuan / ton
before the afternoon.
Due to the good performance of aluminum and the last trading day of the week, the downstream actively prepared the warehouse, the willingness to purchase significantly enhanced, it is understood that the recent increase in orders for profile enterprises in Guangdong has increased significantly, especially the sudden increase in demand for industrial profiles
.
The intermediary cooperation with the increase in arbitrage space, so trading is extremely active, the overall heat of the Guangdong market on Friday is significantly warmed up, and the transaction is better than Thursday
.

Overall, the pressure on the supply side of the aluminum market has increased dramatically, and the social inventory has climbed again to break through the previous high, in addition, the black and nonferrous markets continue to fall sharply and the external disk begins to weaken, which is not good for aluminum, if there is no supply-side substantive policy introduced, aluminum prices will continue to be under pressure
.

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