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June 29 aluminum market morning review

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

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Aluminum market morning comment: Most of the aluminum prices in the outer market on Monday actually fluctuated in a narrow range, and they were pulled up
at the end of the day.
London Stock Exchange III expects aluminum prices to rise 1.
46% to $2531/ton
.
Shanghai aluminum night trading repeatedly fluctuated, the main 2108 contract closed slightly below 18865 yuan / ton
.

Aluminum City

The spot market in the morning was poorly transacted, with holders competing to dump goods, and limited downstream
pick-ups.
The mainstream transaction price in Shanghai is around 18830 yuan / ton, which is about 10 lower than the plate
.
The mainstream transaction price in Guangdong is around 18930 yuan / ton
.

With the arrival of the off-season, the consumption of the domestic primary aluminum market has weakened marginally, but the supply bottleneck and consumption expectations still provide strong support, while spot inventories are still slightly destocked
.
However, the National Reserve Bureau is about to release reserve aluminum to the market to increase market supply, which has a certain impact
on the price.
Shortage of aluminum prices maintained a range-bound trend
.
The shortage recommends staying on the sidelines
.

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