 Home > Chemicals Industry > New Chemical Materials > June 11 aluminum market morning review

June 11 aluminum market morning review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

aluminum foil boat

ship

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

Aluminum market morning comment: The US CPI continued to hit a new high in May, but this did not cause market concern
.
Overnight, the external aluminum price followed the strengthening of the internal market, and the three-month aluminum price on the London Stock Exchange rose 1.
08% to $2478 / ton
.
After the dumping was clear, the market interpreted it as a short selling, and the Shanghai aluminum night market rose
sharply.
The main 2107 contract closed above 18840 yuan / ton
.

Aluminum City

In the morning, the spot market trading weakened slightly, the downstream receiving was slightly cautious, and the willingness of holders to ship rose with the downward price
.
The mainstream trading price in Shanghai is around 18,520 yuan / ton, which is about 10 higher than futures
.
The mainstream transaction price in Guangdong is around 18730 yuan / ton
.

It is further clarified that according to relevant news, it is expected that the actual selling of reserves is not large, and the impact on the market is limited, while the current market fundamentals are still strong
.
However, the determination of relevant departments to regulate and control the market is great, and the price is still under pressure, and the consumption in the later off-season will weaken, chasing the risk is large
.
It is recommended to wait and see, waiting for consumption to weaken and short-sell opportunities in stages
.

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.