echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > June 9 Shanghai aluminum morning review

    June 9 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight Shanghai aluminum opened at 13800 yuan / ton, after the opening of the bulls actively entered the market to pull up the aluminum price, bears frontal attack, the game between the two sides under the Shanghai aluminum shock upward touch 13865 yuan / ton, high more flat in, aluminum prices quickly leaked, the low touched 13795 yuan / ton, and then Shanghai aluminum many times tried to break through the daily moving average unsuccessful, closed at 13815 yuan / ton, the position increased by 824 hands to 205778 lots
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13620 yuan / ton, up 20 yuan / ton from the previous day, and the discount of the near-month contract was 95 yuan / ton, the holder shipped steadily, Shanghai aluminum stabilized upward, some traders were bullish at the end of the day, the quotation could not rise, the spot discount expanded slightly, the willingness of downstream enterprises to receive goods rose slightly, the stability of spot prices and discounts kept the activity of middlemen low, and the overall transaction was slightly better
    than yesterday.

    Yesterday's release of inventory data in the five places continued to rise slightly by 15,000 tons to 1.
    207 million tons compared with last Thursday, the current aluminum market reality supply and demand contradiction is more prominent, consumption off-season is approaching, high profits stimulate compliance capacity to resume production and illegal production capacity has not stopped production led to an increase in supply, supply and demand short-term will inevitably be overgrown superimposed on high inventory, price weakness downward shock
    .

    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.