echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 30 aluminum market noon comment

    June 30 aluminum market noon comment

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market afternoon comment: European and American stock markets higher to drive the market, overnight Lun aluminum shock closed up $15, China's industrial enterprises continue to improve the efficiency, the pressure of imported aluminum has not yet arrived, it is expected that today's spot aluminum prices will rise
    .

    Aluminum oscillated upward
    in early afternoon.
    The spot price in Shanghai is between 14140-14160 yuan / ton, the spot transaction price in Wuxi is between 14160-14180 yuan / ton, which is 70 yuan / ton higher than yesterday, and the aluminum premium is between 160-180 yuan / ton, Wuxi spot is relatively tight
    compared to Shanghai.
    A large household received nearly 20,000 tons of goods in East and South China today, and the transaction activity between traders was relatively general, the shipments of cargo holders were relatively active, and the trading of buyers and sellers was flat
    .
    The downstream is mainly on-demand today, because the price has risen sharply, and the willingness to buy goods is not high
    .
    The overall transaction in East China today is acceptable
    .

    Before the afternoon in the South China market price shipment is more, the receiver adjusted the price purchase, the next monthly ticket price is 14220-14230 yuan / ton, a small number of monthly ticket price is about 14230 yuan / ton; Futures fluctuated in a narrow range in the second session, spot prices also remained stable, mainstream trading prices remained in the range of 14220-14230 yuan / ton, and the morning premium quotation was basically no transaction
    .
    The spot price difference between Guangdong and Shanghai was slightly adjusted to 60-80 yuan / ton
    .
    Spot to 07 contract premium fell slightly to 230-270 yuan / ton, Shanghai aluminum 07/08 month difference slightly expanded to 160-200 yuan / ton, futures are strong, spot is slightly weaker, some traders have not entered the market for half a year settlement, trading activity is not high, long-term order situation is generally executed, and the basis fluctuates or intensifies
    after entering July.

    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.