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July 17 aluminum market afternoon comment

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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laser cut aluminum

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Shanghai aluminum main force closed slightly higher temporarily slowed down, although the cost side is slightly supported, but the current aluminum price trend is generally weak, the rebound is very limited, the dollar index high running, suppress aluminum prices to chase higher, domestic aluminum market inventory to slow down significantly, but still support aluminum prices slightly resisted, the current consumer side continues to weaken signs, it is expected that today's Shanghai aluminum or weak adjustment mainly
.
In the spot market, the aluminum plate temporarily stabilized, the market confidence was slightly cautious, the downstream users due to weak demand, the overall willingness to receive goods was limited, the market was cautious, the supply and demand sides were obviously deadlocked, and the transaction was not good
.
In terms of aluminum rods, some sources of goods are slightly loose, processing fees are obviously deadlocked, downstream wait-and-see cautious procurement, market transactions are limited
.

Aluminum City

South China market, early afternoon aluminum first down and then up, today Guangdong local holders believe that the current aluminum price is basically a medium-term low, so the willingness to ship is not high, there is a strong willingness to support the price, the transaction is concentrated in 13990-14000 yuan / ton, the activity is acceptable, aluminum rod processing fee, 90mm specification aluminum bar processing fee transaction is still concentrated in 480 ~ 540 yuan / ton, 120mm specification is more compact concentrated in 470 ~ 500 yuan / ton, 150/178mm specification concentrated in 410 ~ 440 yuan / ton , the overall change is not much, the transaction is average
.

In the East China market, aluminum fluctuated slightly upward
before noon that month.
Shanghai transaction concentration is 13900~13920 yuan / ton, the discount for the month is 80~70 yuan / ton, Wuxi transaction concentration is 13900~13920 yuan / ton, Hangzhou transaction concentration is 13910~13930 yuan / ton
.
Aluminum futures month to 1808 contract, so the spot surface discount expanded, the actual 1808 contract discount remained stable, the holder stable shipment, in the upward trend of aluminum futures, some middlemen received goods, downstream enterprises entered the off-season, procurement did not see bright spots, the overall transaction was general
.

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