echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 26 Shanghai aluminum morning review

    June 26 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

    On Friday night, Shanghai aluminum opened at 13935 yuan / ton, the early days of the bulls concentrated on leaving the market, Shanghai aluminum high down, then the long and short game aluminum price around 13860 yuan / ton a narrow finishing, closed at 13870 yuan / ton, the volume decreased by 1084 hands to 200002 lots, it is expected that today Shanghai aluminum continues to struggle between the moving averages, the main operating range of 13780 ~ 13920 yuan / ton, spot discount expanded to 140 ~ 100 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13660 yuan / ton, up 210 yuan / ton from the previous week, and the discount was 215 yuan / ton compared with the near-month contract, the price performance at the beginning of the week was better, the market trading was active, and the downstream actively purchased, but the market heat decreased with the decline of the market after the week, all of which were mainly wait-and-see, and the spot discount for one week remained at 100 yuan / ton of accessories
    .

    In terms of news, customs data show that the export of aluminum semi-finished products rose sharply to 410,000 tons in May, a new high since the beginning of the year, an increase of 9.
    6% year-on-year, and the cumulative export of aluminum semi-finished products from January to May was 174,000 tons, an increase of 3.
    7%
    year-on-year.
    Approaching the critical point of policy implementation, affected by the earlier association awareness talks, market sentiment dropped sharply, and many investors left the market to wait and see
    .
    The later policy may be less than expected, but it will still improve the fundamentals and benefit the medium-term trend
    .
    Operationally, it is recommended to wait and see for the time being, and the pullback can consider buying
    .

    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.