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Aluminum market afternoon comment: the dollar rebounded, overnight Lun aluminum fell slightly to close down 0.
26%, the global economic outlook is not good, the aluminum market is facing the impact of slowing demand and sluggish demand in the automotive industry, it is expected that short-term aluminum prices will continue to come under pressure
.
East China Aluminum: Aluminum oscillated upward
in early afternoon.
In the morning, the spot trading price of Shanghai Wuxi market was concentrated between 13060-13080 yuan / ton in the morning, the liter discount was around 40 yuan / ton, and the aluminum rose at 10:30, with the rise in aluminum prices, the price in East China rose to 13090-13110 yuan / ton, the liter discount was between 60-50 yuan / ton, the spot price increased by 60 yuan / ton from yesterday, and the transaction price in Hangzhou was between
13070-13090 yuan / ton 。 With the rise in aluminum prices, the shippers' shipments converged, the quotation increased, and the enthusiasm of middlemen receiving goods was not as good as in the morning, and the transaction between the two sides began to show light
.
Downstream today on-demand goods are the mainstay, and the procurement is flat
.
East China's overall transaction today is average
.
South China Aluminum: Aluminum first suppressed and then rose in the early afternoon, and the low level oscillated
.
The activity of the market in early trading has increased, with the initial transaction price at 13,060 yuan / ton, and some low prices around 13,050 yuan / ton; After the end of the suspension, futures rebounded and turned red, market acceptance and procurement increased, holders continued to raise their quotations, the transaction price rose from 13060 yuan / ton to 13090 yuan / ton, and the spot price difference between Guangdong and Shanghai remained near
Pingshui.
Guangdong aluminum ingot basis narrowed slightly, inventory increased to 370,000 tons, futures mainly moved to 2005 contracts, and the existing hope of early delivery continued to return
.