echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 25 Shanghai aluminum brief comment

    July 25 Shanghai aluminum brief comment

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's copper price oversold rebound, Shanghai copper jumped to the 5-day moving average, although the bears still have a suppressive action, but affected by the new domestic asset management regulations, MLF expansion of collateral scope and the new 502 billion yuan operation policy, domestic capital is expected to recover slightly, market confidence has warmed up, and many forces have begun to rise
    .
    In the evening, pay attention to the annualized data of the total number of existing home sales in the United States for June and external guidance
    .
    The long and short sides repeatedly competed in the sensitive area of 49,000 yuan / ton, continued to pay attention to whether the long side could gain the initiative, and tested the support capacity
    of the 49,000 yuan / ton integer mark in the evening.

    Shanghai copper

    Today's South China aluminum ingot quotation is 14290-14390 yuan, the average price is 14340, up 90 yuan, the futures price is rising, traders are actively shipping, downstream fear of heights and cautious into the market, the overall trading is weak, the mainstream transaction price is concentrated between 14330-14350 yuan, which is -10~10 yuan
    higher than the average price of South China.

    Today's South Reserve East China aluminum ingot quotation is 14190-14230 yuan, the average price is 14210 yuan, up 90
    .
    Yangtze River: 14210-14250, 14230 up 100
    .
    The market has abundant supply of goods, the downstream is afraid of high and less mining, and the holders of goods are not smooth in shipments and reduce prices, but the transaction is still light
    .
    The transaction price is 14200 yuan ~ 14220 yuan, which is a premium of -10~10 yuan
    compared with the average price of South Reserve East China.

    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.

    Contact Us

    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.