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July 1 aluminum market noon comment

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Aluminum market summary: The fall in oil prices on Friday dragged down the sentiment of the commodity market, the next week Lun aluminum fell $5, demand off-season, slow destocking, aluminum market showed weak supply and demand, aluminum price trend is relatively under pressure, it is expected that aluminum will rise and fall limited
.

Aluminum City

Aluminum opened high and low in the month
.
Shanghai spot trading price is between 13730-13750 yuan / ton, the current month plate paste 10-liter 10 yuan / ton, compared with last Friday's price fell around 50 yuan / ton, Wuxi spot trading price between 13740-13760 yuan / ton, Hangzhou spot price between 13770-13790 yuan / ton
.
Today's cargo holders are actively shipping, due to the price falling, the middlemen have a certain replenishment at low prices, and the overall trading is better
.
However, the downstream did not show obvious willingness to receive goods on Monday, basically purchasing on demand, traders all reported that downstream consumption showed signs of weakening, and the attitude towards the near-term downstream consumption expectations was pessimistic
.
Today's overall transaction is average
.

In the early afternoon, the aluminum fluctuated downward, and the spot trading price in Guangdong was concentrated at 13830-13840 yuan / ton in the morning, and the subsequent aluminum price fell in the month, and the transaction price fell to around 13820-13830 yuan / ton, and the price difference between Guangdong and Shanghai was around
90 yuan / ton.
The quotations of holders among traders are relatively firm, and downstream processing enterprises purchase on demand or hold a wait-and-see attitude, and the buying is not high
.
Overall, the spot trading of aluminum ingots in South China is acceptable, not as good as last Friday
.

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