 Home > Chemicals Industry > New Chemical Materials > June 9 aluminum market morning review

June 9 aluminum market morning review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

recyclable aluminum

aluminum corrosion

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market morning comment: inventories continue to degrade and expectations of China's consumption recovery stimulate the rebound
of external aluminum prices.
The LME three-month aluminum price rose 1.
78% to $2836/mt
.
Shanghai aluminum overnight trading volatility to the upside, the main 2207 contract closed above 20950 yuan / ton
.

Aluminum City

Trading between traders in the morning spot market is still suppressed, downstream on-demand procurement is the mainstay, the overall transaction is not ideal, and the transaction in the South China market is obviously weaker
than that in East China.
Prices in both places are also inverted
.
The mainstream trading price in Shanghai is around 20,800 yuan / ton, which is about 50 lower than the futures discount
.
The mainstream transaction price in Guangdong is around 20670 yuan / ton
.

Dragged down by the real estate market, the current improvement in domestic aluminum market consumption is still limited, and the pressure of output growth continues
.
However, the stimulus policy is expected to gradually take effect, and the expectation of improved consumption has strong support
for prices.
Short-term aluminum prices are strong and volatile, and it is recommended to operate in range
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.