echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Market sentiment eased Shanghai aluminum prices fluctuated higher

    Market sentiment eased Shanghai aluminum prices fluctuated higher

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai aluminum main month 2208 contract, opening 19170 yuan / ton, the highest intraday 19450 yuan / ton, the lowest 19135 yuan / ton, settlement 19000 yuan / ton, the end of the close to 19445 yuan / ton, up 445 yuan, up 2.
    34%.

    Today's Lun aluminum volatility was violent, LME three-month Beijing time at 15:01 at 2497 US dollars / ton, up 9 US dollars, or 0.
    36%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of the Yangtze River is 19240-19280 yuan / ton, up 80 yuan, and the discount is 15-liter 25; Guangdong spot 19230-19290 yuan / ton, up 110 yuan, discount 25-liter 35; Hua reported 19290-19330 yuan / ton, up 70 yuan
    .
    At the end of the month, the holders were eager to ship for cash, the market trading situation was not good, the receiver still received the goods quietly, and the overall trading volume declined
    .

    Today's Shanghai aluminum is running strongly, the macro pressure has eased, non-ferrous metals are collectively red, coupled with high overseas energy costs and low inventories to support aluminum prices, Shanghai aluminum trend is strong
    .

    At present, the market sentiment eased, the non-ferrous metal atmosphere improved and the whole line turned red, Shanghai aluminum opened high overnight, intraday shock operation, closed up 2.
    34%.

    The growth momentum of aluminum production is still strong, but demand has not improved significantly, but the social treasury continues to dematerialize and cost prices provide some support, and aluminum prices fluctuate
    .

    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.