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    Home > Chemicals Industry > New Chemical Materials > June 6 aluminum market morning review

    June 6 aluminum market morning review

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    On Friday, the external aluminum market rushed back down, of which the 3-month Lun aluminum rose slightly by 0.
    23% to 1523 US dollars / ton, down 2.
    8% from the intraday high of 1567 US dollars / ton, and the daily closing price was close to the low point since May 13 this year
    .
    At present, the operating range of Lun aluminum is getting narrower, indicating that the long-short breakthrough is imminent, and the lower support of Lun aluminum is 1530 US dollars / ton, and the upper resistance is 1600 US dollars / ton
    .

    Aluminum City

    Market: On June 3, Shanghai aluminum trading concentrated 12350-12380 yuan / ton, and the premium for the month was 10-30 yuan / ton
    .
    Hangzhou's circulating supply is tight, and the spot price is stronger
    than that of Shanghai Wuxi.
    In the early stage of the transaction, the supply and demand ends showed a tug-of-war, the transaction was sluggish, the holder had no choice but to lower the price, the middleman was willing to receive goods at a low price, the downstream enterprises purchased on demand, the aluminum shock was weak, the spot transaction was sluggish, and the demand side had a gradual increase in the supply and demand tug-of-war
    .

    In terms of stocks: as of June 3, LME aluminum stocks reported 2508225 tons, a weekly decrease of 25,775 tons or 1.
    02%, close to the low of 2485275 tons set on January 16, 2009; In the same period, the aluminum inventory in the previous period reported 228534 tons, a weekly decrease of 18,093 tons or 7.
    33%, the tenth decrease in eleven weeks, close to the low point since March 27 last year
    .

    Last Friday's night market Shanghai aluminum fell under pressure, weaker than Lun aluminum, mainly suppressed by domestic aluminum enterprises
    ' concerns about resuming production.
    However, last Friday's night market dollar index fell under pressure, short-term base metals may benefit, it is recommended that the Shanghai aluminum 1608 contract can sell high and low in the range of 11800-12000 yuan, and the stop loss is 120 yuan / ton
    each.

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