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January 10 aluminum market noon comment

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Aluminum market summary: The U.
S.
stock market hit a record high again to boost commodities, overnight London aluminum shock after closing up $3, the first phase of Sino-US trade agreement will land, it is expected that the trend of Shanghai aluminum is strong, today aluminum or slightly followed
.

Aluminum City

Aluminum is mainly
range-bound before noon of the month.
The spot quotation of aluminum ingots in the Shanghai market is between 14510-14520 yuan / ton, the transaction price in Wuxi market is between 14490~14500 yuan / ton, the discount of the month is 30 ~ 10 yuan / ton, the transaction price in Hangzhou is concentrated between 14480 ~ 14500 yuan / ton, and the mainstream transaction price in East China is around 40 yuan / ton compared with the previous trading day
.
Due to the proximity of the Spring Festival, limited by capacity, some railway stations in Shanghai have stopped loading (except coal, cotton and mineral powder), and spot goods in Shanghai are relatively scarce, and the price is nearly 20 yuan / ton
higher than that of Wuxi.
As far as spot brands are concerned, Qiya and Yulin are 30-60 yuan / ton higher than Tianshan and Lanjiang, and the former is tight
.

Although today's cargo holders are actively shipping, but the willingness of middlemen to receive goods is not strong, considering the upcoming holiday downstream gradually stop production, receiving goods is more cautious, but also tend to accept low-priced goods, buyers and sellers trading slightly
deadlocked.
The downstream is mainly on demand today, because the downstream manufacturers in East China have a holiday about a week later than the northern region, and there is still some stock today
.
Overall, the overall transaction in East China today is acceptable
.

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