 Home > Chemicals Industry > New Chemical Materials > July 2 aluminum market morning review

July 2 aluminum market morning review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

Tags

aluminum based antiperspirant

miller aluminum welder

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market morning comment: overnight external aluminum prices continued to close higher, the London Stock Exchange three-month aluminum price closed at 1623.
5 US dollars / ton, up 0.
34%.

Shanghai aluminum night trading slightly pullback
.
The main 2008 contract closed at 13975 yuan / ton
.

Aluminum City

In the morning spot market, except for a few large traders, most of them are less willing to receive goods, and downstream purchases
are on demand.
The mainstream trading price in Shanghai is around 14,340 yuan / ton, which is about 140 premiums over futures
.
The mainstream transaction price in Guangdong is around 14410 yuan / ton
.

At present, domestic macro optimism is high, and the inflection point of aluminum market inventory has not yet arrived, and futures inventories continue to decline, maintaining some support
for aluminum prices.
However, the phased weakening of consumption is obvious, the supply rises, and the fundamentals weaken, which inhibits
the price of aluminum.
Short-term aluminum prices or high volatility, operationally recommended intertemporal arbitrage
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.