echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 9 aluminum market noon comment

    July 9 aluminum market noon 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

    Shanghai aluminum main force in the morning continued last week's rally continued to rise, currently re-standing at the 14100 yuan mark, the overall increase is large, but still at the low level of nearly three months, the dollar index is weak again, boosting aluminum prices to rise, the domestic aluminum market inventory dematerialization slightly slowed down, cost side support weakened, aluminum prices still have upward pressure, the current consumer side slightly weakened signs, it is expected that today's Shanghai aluminum or continue to narrow range volatility, excessive chasing higher is not advisable
    .

    Aluminum City

    In the spot market, the aluminum plate rebounded, the financial tension at the end of the month eased, the overall shipment of the holders was more active, and the downstream users re-purchased low-priced sources due to loose funds, but the overall demand was limited, the market was more and less, and the transaction was general
    .
    In terms of aluminum rods, some sources of goods are slightly loose, processing fees have fallen stalemate, downstream wait-and-see procurement is cautious, and market transactions are limited
    .

    South China market, the period of aluminum at the beginning of the rise after a narrow range of shock, today Guangdong spot market transaction concentrated in 14080 ~ 14090 yuan / ton, Guangdong and Shanghai price difference maintained around 90 yuan / ton, at the beginning of the week holders shipments actively, the market circulation of sufficient supply, but downstream and middlemen willingness to receive goods performance is general, aluminum rod holders slightly raised the price compared with Friday, the specification of 90mm aluminum rod transaction price is between 600-640 yuan / ton, specification of 120mm aluminum bar transaction is concentrated between 540 ~ 580 yuan / ton The transaction price of aluminum rods with a specification of 178mm is concentrated between
    500~540 yuan / ton.

    In the East China market, aluminum fluctuated
    before noon in the month.
    Shanghai transaction concentration 13980~14010 yuan / ton, for the month discount 40 ~ 20 yuan / ton, Wuxi transaction concentration 13980 ~ 14010 yuan / ton, Hangzhou transaction concentration 14010 ~ 14030 yuan / ton
    .
    The spot discount expanded slightly, the shipment strength of the holder weakened, turned to the receipt, the enthusiasm of middlemen to receive goods increased, downstream enterprises purchased on demand, and the overall transaction was more active
    than Friday.

    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.