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    Home > Chemicals Industry > New Chemical Materials > May 14 Shanghai aluminum brief comment

    May 14 Shanghai aluminum brief comment

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Shanghai aluminum main force failed to continue the rally in the morning to fall back, basically give up Friday's gains, the current aluminum price center of gravity overall upward, indicating that downstream destocking recovery is good, short-term geopolitical tensions appeared, or the trend of aluminum prices has been suppressed, but the cost support is stable aluminum market resistance is strong, it is expected that Shanghai aluminum today to maintain a narrow range
    .

    Shanghai aluminum

    Spot market, close to delivery, aluminum is basically stable and small rise, short-term destocking expectations are more optimistic, consumption gradually recovers, traders turn to high price shipments, downstream users mostly receive goods at low prices, supply and demand are slightly deadlocked, and the transaction is not as good as last week
    .
    In terms of aluminum rods, the supply of aluminum rods continued to be tight, the processing fee was basically stable, the supply and demand were slightly deadlocked, and the overall trading improved
    .

    Today's South China aluminum ingot quotation of 14470-14570 yuan, the average price is 14520 yuan, down 70 yuan, delivery is approaching, the holder is holding the price to ship, the buyer's market is receiving the goods at a low price, the buyer and seller have a stalemate, the market transaction is general, the mainstream transaction price is concentrated between 14510-14520 yuan, which is -10~0 yuan
    higher than the average price of South China.

    Today's Nanchu East China aluminum ingot quotation is 14480-14520 yuan, the average price is 14500 yuan, down 80
    .
    Yangtze River: 14460-14500, 14480 down 120
    .
    The willingness of the receiver to receive goods has increased, the overall trading is active, and the market transaction is better
    .
    The transaction price is 14450 yuan ~ 14510 yuan, which is a premium of -50 ~ 10 yuan
    compared with the average price of South Reserve East China.

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