echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 12 aluminum market morning review

    July 12 aluminum market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight the external aluminum market fluctuated down, weaker than other base metals, its operating range of 1671-1646 US dollars / ton, of which 3 months Lun aluminum fell 0.
    45% to 1652 US dollars / ton, short-term has not effectively broken through the recent high shock finishing platform, its rebound resistance focus on 1700 US dollars / ton
    .

    Aluminum City

    Market: On July 11, Shanghai aluminum trading concentrated 13150-13160 yuan / ton, and the premium for the month was 50-60 yuan / ton
    .
    Holders are actively shipping at high prices, Weiqiao aluminum ingots newly registered as warehouse receipts have been circulated in Shanghai and Wuxi, Shanghai downstream demand is poor, middlemen and downstream receiving goods are cold, Wuxi middlemen and downstream enterprises are more willing to receive goods than Shanghai, the overall transaction is cooler than last Friday, and showing regional differentiation
    .

    Stocks: LME aluminum stocks reported 2344175 tonnes as of July 11, down 7,075 tonnes from last Friday, close to the low of 2370350 tonnes set on Jan.
    7, 2009; In the same period, the aluminum inventory in the previous period was reported 149321 tons, a weekly decrease of 14,343 tons or 8.
    76%, the fifteenth decrease in 16 weeks, a cumulative decrease of 192,000 tons, hitting a low since October 28, 2011 (113329 tons).

    The main Shanghai aluminum contract oscillated overnight to 12,575 yuan, as China's aluminum industry will still expand aluminum production capacity this year, increasing market concerns
    about increased supply pressure in the aluminum market.
    It is recommended that the Shanghai aluminum 1609 contract can be backed by 12660 yuan below the high short short, the entry reference is 12600 yuan, and the target is 12450 yuan / ton
    .

    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.