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June 18 aluminum market morning review

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

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metal price index

silicone aluminum

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Aluminum market morning comment: The Federal Reserve hinted at raising interest rates earlier than expected, the dollar index soared for days, and metal prices tumbled
.
Overnight, the London Stock Exchange fell 4.
41% to $2,365/mt
on the 3-month March period.
Shanghai aluminum night trading was dragged down, and the main 2107 contract closed below 18450 yuan / ton
.

Aluminum City

In the morning, the overall trading volume of the spot market rebounded
.
The price center of gravity is downstream, the enthusiasm for downstream procurement has increased, and the holders have also shown their willingness to
raise prices.
The mainstream trading price in Shanghai is around 18,640 yuan / ton, which is about 20 higher than that of futures
.
The mainstream transaction price in Guangdong is around 18940 yuan / ton
.

At present, the domestic fundamentals are still strong, although consumption is expected to be in the off-season, but there is no obvious sign of weakening, but because the external market is suppressed by the surge in the US dollar index to drag down the internal market, coupled with the imminent implementation of the sell-off, the price is under obvious pressure, but the downside is expected to be limited
.
It is recommended to maintain a wait-and-see focus
.

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