 Home > Chemicals Industry > New Chemical Materials > July 27 aluminum market morning review

July 27 aluminum market morning review

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

Tags

zinc aluminum coating

aluminum sulfide

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

Aluminum market morning comment: overseas spot supply tightened, providing support for external aluminum prices, overnight LME aluminum prices closed higher, March aluminum prices closed up 0.
58% to $2422 / ton
.
Shanghai aluminum fell back in the night session, and the main 2209 contract closed slightly below 17950 yuan / ton
.

Aluminum City

In the morning, the spot market trading did not improve, the downstream normal procurement in the early stage was the mainstay, and the market activity in the later period declined, and the transaction turned weak
.
The mainstream trading price in Shanghai is around 17,840 yuan / ton, which is about 20 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 17810 yuan / ton
.

At present, the fundamentals of domestic supply and demand are obviously weak, consumption is weak and production is rising, and the price pressure is obvious, but there are policy expectations for stable real estate, and the expectation of aggressive interest rate hikes by the Federal Reserve on the macro side is weakened, which makes it difficult for aluminum prices to fall
sharply for the time being.
However, in the medium term, supply pressure increases, and the price center of gravity is still more likely to decline
.
It is recommended to wait and see in the short term, and operate on the high side in the medium term
.

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.