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    Home > Chemicals Industry > New Chemical Materials > July 23 aluminum market noon comment

    July 23 aluminum market noon comment

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    The main force of Shanghai aluminum began to exert force in early trading, breaking through the key pressure of 14200 and 14250 one after another, and it has been breaking through the pressure level since the sideways market last week
    .
    This morning's gain closed at 1.
    35%.

    With the beginning of a new round of aluminum market destocking cycle, the future performance of aluminum prices is worth looking forward to
    .
    The dollar fell sharply, pushing aluminum prices stronger
    .
    In the first half of the year, China's aluminum exports hit a four-year high, and they were not affected
    by the trade war.
    It is expected that today's aluminum price performance will rise strongly
    .

    Aluminum City

    Aluminum rushed high before noon in the month, and then fluctuated
    at a high level.
    Shanghai transaction concentration is 14060~14080 yuan / ton, the discount for the month is 80~60 yuan / ton, Wuxi transaction concentration is 14060~14080 yuan / ton, Hangzhou transaction concentration is 14060 ~ 14080 yuan / ton
    .
    Holders are actively shipping, today's aluminum soared, downstream enterprises demand is not good, and not optimistic about aluminum prices, wait-and-see sentiment is strong, procurement is less, middlemen take advantage of the time difference in the period aluminum price difference, a small number of traders properly stocked, the overall transaction is slightly poor
    .

    Aluminum performance in the early afternoon is strong, today's Guangdong spot market transaction concentrated in 14200 ~ 14210 yuan / ton, Guangdong and Shanghai price difference expanded to 130 yuan / ton, due to the higher price, local holders are willing to ship positively, the market is abundant, but the middleman and downstream performance is afraid of high aluminum prices are more wait-and-see, the willingness to receive goods is insufficient, today's Guangdong market aluminum ingot spot transaction is not good, aluminum rod processing fees face the same problem, middlemen and downstream fear of high aluminum prices, so processing fees have been reduced, The transaction of 90mm specification aluminum rod processing fee remained at 500~540 yuan / ton, 120mm specification was reduced to 450~500 yuan / ton, and 150/178mm specification was lowered to 360~400 yuan / ton
    .

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