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    Home > Chemicals Industry > New Chemical Materials > Lack of substantial positive support Aluminum prices rose weakly

    Lack of substantial positive support Aluminum prices rose weakly

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    On Monday, the main monthly 1908 contract of Shanghai aluminum opened at 13,755 yuan, with an intraday high of 13,845 yuan and a low of 13,750 yuan, and closed at 13,830 at the end of the session, down 5 yuan / ton
    from the previous trading day.
    The lack of substantial support for the rise of aluminum prices is weak, Shanghai aluminum fell slightly during the day, the market trading is cautious, aluminum prices maintain a volatile trend in the short term, it is recommended that investors maintain a wait-and-see
    for the time being.

    Aluminum prices

    In the international market, the fall in the dollar index limited the decline in aluminum prices, and intraday aluminum fell slightly, and the support below focused on $
    1700.
    At 15:58 Beijing time, LME 3-month aluminum was $1767.
    5, down $0.
    5/ton
    from the previous session.

    In the spot market, the spot trading price of Yangtze River was 13820-13860 yuan / ton, down 40 yuan / ton; Guangdong South Reserve reported 13830-13930 yuan / ton, down 50 yuan / ton; Hua reported 13920-13940 yuan / ton, down 60 yuan / ton; The average domestic spot trading price is between
    13820-13860 yuan / ton.
    Aluminum has fallen slightly, and the holders are actively shipping, but the purchasing willingness of downstream enterprises is flat, and the market transaction is average
    .

    Market News:

    1.
    In May 2019, the national alumina import volume was 60,000 tons, and the cumulative import volume was 270,000 tons, a year-on-year increase of 134.
    90%, and a cumulative decrease of 11.
    80%

    2.
    In May 2019, the national scrap aluminum import volume was 180,000 tons, and the cumulative import volume was 660,000 tons, a year-on-year increase of 57.
    80%, a cumulative decrease of 9.
    80%

    Shanghai aluminum intraday shock operation, traders at the beginning of the day on the July contract rose 10 ~ up 20 yuan / ton, the average price of the network price is about the same, East China market large households continue to receive goods, driving market trading, downstream continued on-demand procurement, overall, although the transaction is not as good as the previous two months, but the overall activity is
    acceptable.

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