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    Home > Chemicals Industry > New Chemical Materials > July 25 aluminum market afternoon comment

    July 25 aluminum market afternoon comment

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Lun aluminum rushed back down overnight, failed to continue to perform strongly at the opening this morning, and once again fell into the weak finishing operation range, and the intraday forecast continued to maintain weak finishing
    .
    Shanghai aluminum has maintained a high level of volatility in early trading, on the contrary, the daily chart 3 consecutive Yang gains gradually decreased, bulls momentum exhausted, it is expected that Shanghai aluminum will have a correction
    within the day.
    The impact of environmental protection rectification on bauxite in the fundamentals of the aluminum market has not faded, its supply is still tight, and the elastic production of alumina has led to higher prices, which has raised the production cost of electrolytic aluminum, resulting in aluminum prices touching the cost line, and Shanghai aluminum has a margin of safety for long
    .
    Moreover, the National Assembly expressed support for expanding domestic demand and adjusting the structure to promote the development of the real economy, and the improvement of demand expectations has enhanced the confidence
    of bulls.
    It is expected that Shanghai Aluminum still has upside, and it is recommended to continue to hold it
    in the front.

    Aluminum City

    In the East China market, the center of gravity of aluminum fell
    before noon that month.
    Shanghai transaction concentration is 14200~14220 yuan / ton, the discount for the month is 90~80 yuan / ton, Wuxi transaction concentration is 14200~14220 yuan / ton, Hangzhou transaction concentration is 14220~14230 yuan / ton
    .
    Holders ship normally, some middlemen begin to prepare goods and build warehouses, downstream enterprises demand is not good, do not agree with the price, only according to the just need to purchase, the overall transaction is general
    .

    South China market, early afternoon aluminum weak shock, today Guangdong spot market transaction concentrated in 14340 ~ 14350 yuan / ton, Guangdong and Shanghai price difference maintained at 130 yuan / ton high, the local downstream on the one hand is the weakening of orders, on the other hand is afraid of high spot aluminum prices, and the plate is weak, the overall purchase enthusiasm is not high, but a large aluminum enterprise and individual traders in the market to receive goods, inject a certain degree of activity, but the overall transaction is relatively light, aluminum rod processing fees today performance is stable, and the previous day has not changed much, but shipments are more difficult, the transaction is not good

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