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    Home > Chemicals Industry > New Chemical Materials > July 28 aluminum market morning review

    July 28 aluminum market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the US dollar index hit a new low in more than two years, overnight outer metal strength across the board, London Stock Exchange three-month aluminum price hit a new high in recent months, closing at 1710.
    5 US dollars / ton, up 0.
    77%.

    Shanghai aluminum night trading also rose, the main 2009 contract closed at 14270 yuan / ton
    .
    In the morning, the intermediaries in the spot market performed positively, but the tight supply pattern was alleviated to a certain extent, and it was more inclined to receive goods at low prices, and downstream on-demand procurement was the mainstay
    .
    The mainstream transaction price in Shanghai is around 14570 yuan / ton, which is about
    100 premiums compared with other premiums.
    The mainstream transaction price in Guangdong is around 14510 yuan / ton
    .

    The domestic economy maintained a strong recovery, supporting market optimism
    .
    The domestic primary aluminum market has not yet accumulated, which has also fueled the bullish sentiment in the market, but the rise in production coupled with the surge in imports, the expectation of increased supply is strong, inhibiting price growth, and the current smelting end continues to be ultra-profitable
    .
    In the short term, it is recommended to wait
    and see.

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