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May 17 aluminum market afternoon comment

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Aluminum market summary: the dollar index higher limit the rebound of aluminum prices, overnight Lun aluminum rose $3, a domestic aluminum plant facing long-term closure caused by market supply shortage concerns, short-term aluminum prices may have support, is expected to rise slightly today
.

Aluminum City

In the early afternoon, aluminum fluctuated downward, and the spot trading price in the Guangdong market today was concentrated at 14370-14390 yuan / ton, and the price difference between Guangdong and Shanghai rose to around
45 yuan / ton.
Today's trading of traders is slightly lighter than yesterday, and Guangdong downstream enterprises are basically based on on-demand procurement
.
Overall, today's aluminum ingot spot market in South China is trading flat.

Aluminum opened the month volatile and fell
.
In the morning, part of the transaction in Shanghai was around 14350 yuan / ton, a large household only received 10,000 tons in East China, after the start of the second trading stage, the transaction price was between 14310-14330 yuan / ton, the price fell by 30 yuan / ton from yesterday, the flat water ~ premium of the month was 10 yuan / ton, the spot transaction price of Wuxi was between 14310-14330 yuan / ton, and the transaction price of Hangzhou was between
14320-14340 yuan / ton.
As the transaction price in East China fell slightly from yesterday, and traders were more optimistic about the future market, today's receipt of goods was very positive, and buyers and sellers traded actively
.
Considering the price reduction and weekend stocking, the enthusiasm for purchasing today has increased
significantly compared with the previous two days.
Today, the overall transaction in East China is better
.

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