echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 15 Shanghai aluminum morning review

    June 15 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Indirectly affected by the downward trend of Lunaluminum, the main force of Shanghai aluminum expanded its decline overnight, and the low point touched 13485 yuan / ton, the lowest price since January 13
    .
    At present, domestic spot consumption is weakening, inventory is high, spot pressure is still transmitting, it is expected that the main force of Shanghai aluminum will run 13450-13650 yuan / ton in the day, and the spot discount will be 50-10 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13570 yuan / ton, down 10 yuan / ton from the previous day, and the premium was 10 yuan / ton compared with the near-month contract, and the holders shipped at a high price, but the supply was still abundant, the middlemen bought and sold the period, aggravating the market transaction, the downstream stock increment was limited, still mainly on demand, and the overall market situation was slightly warmer
    than yesterday.

    In terms of industry, data from the National Statistics Bureau showed that China's primary aluminum (electrolytic aluminum) production in May was 2.
    83 million tons, an increase of 4.
    2% year-on-year, the second highest on record
    .
    China's primary aluminum production from January to May was 13.
    86 million tons, an increase of 8.
    8%
    year-on-year.
    The message is bearish
    .
    On the whole, the frequent environmental protection production restriction policy has boosted market expectations, but the increase in electrolytic aluminum production and high inventory have put pressure on aluminum prices, and it is expected that the main intraday shock of Shanghai aluminum is weak, and the support of 13500 is concerned, for reference
    only.

    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.