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    Home > Chemicals Industry > New Chemical Materials > June 30 aluminum market morning review

    June 30 aluminum market morning review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Aluminum market early comment: Russia's planned to impose aluminum export tariffs caused supply disruption concerns continued to support the external aluminum price, still rising 0.
    04% overnight to $2535 / ton
    .
    Shanghai aluminum night trading repeatedly fluctuated, the main 2108 contract closed slightly above 18850 yuan / ton
    .

    Aluminum City

    The performance of the spot market in the morning was not good, the downstream wait-and-see sentiment was strong, and holders rushed to dump goods
    under the pressure of cash exchange in the middle of the year.
    The mainstream trading price in Shanghai is around 18,790 yuan / ton, which is about 50 lower than the futures discount
    .
    The mainstream transaction price in Guangdong is around 18860 yuan / ton
    .

    Domestic off-season consumption weakened, supply rose steadily, fundamentals weakened in stages, and storage dumping is about to land, putting pressure
    on prices.
    However, the current inventory fall, coupled with supply bottleneck expectations and strong overseas prices, short-term aluminum prices are also difficult to fall sharply, maintaining range volatility
    .
    Interval operation or wait-and-see
    is recommended.

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