 Home > Chemicals Industry > New Chemical Materials > July 25 aluminum market morning review

July 25 aluminum market morning review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

grinding aluminum

nitrofurantoin macro 100mg

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

Aluminum market morning comment: the dollar index retreated, while overseas spot supply tightened, the external aluminum price strengthened on Friday, and the LME three-month aluminum price closed up 0.
92% to $2459 / ton
.
Macro sentiment improved, Shanghai aluminum night trading volatility to the upside, the main 2209 contract closed above 18160 yuan / ton
.

Aluminum City

The overall transaction of the spot market in the morning was acceptable, and due to the tight supply of circulating goods, some holders were reluctant to sell
.
Some downstream weekend replenishment, most of which are mainly purchased on demand
.
The mainstream trading price in Shanghai is around 17990 yuan / ton, which is about
30 percent lower than the futures head.
The mainstream transaction price in Guangdong is around 17930 yuan / ton
.

At present, the overall domestic consumption has not improved significantly, but the continuous dematerialization of explicit stocks has some support for prices, and prices have rebounded
in stages under the condition of improved macro sentiment.
However, real production continues to climb, and the Fed's July interest rate meeting is imminent, and market sentiment may fluctuate sharply again, making aluminum prices volatile
.
Short-term recommendations are mainly to control risks and operate
cautiously.

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.