 Home > Chemicals Industry > New Chemical Materials > July 8 aluminum market morning review

July 8 aluminum market morning review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

Tags

high pressure map

tungsten aluminum

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

Aluminum market morning comment: overnight external aluminum prices first fell and then rose, and the three-month aluminum price on the London Stock Exchange finally closed flat at 1635 US dollars / ton
.
Shanghai aluminum night trading is weak, the main 2008 contract once fell to 13945 yuan / ton, closed at 13995 yuan / ton
.

Aluminum City

In the morning, the overall transaction of the spot market did not improve significantly, the middlemen lacked enthusiasm to receive goods, and the downstream receiving volume was also limited
.
The mainstream trading price in Shanghai is around 14410 yuan / ton, which is about 30 higher than the futures
.
The mainstream transaction price in Guangdong is around 14450 yuan / ton
.

With the increase in supply and the weakening of consumption, the fundamentals of the domestic primary aluminum market have weakened, and the pressure on aluminum prices has become more and more obvious
.
However, due to the high domestic optimism, the continuous decline in futures inventories and the deep discount of futures far month contracts, it is increasingly unfavorable
for shorting.
Operationally, it is recommended to temporarily focus on interval intertemporal arbitrage
.

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.