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    Home > Chemicals Industry > New Chemical Materials > May 3 aluminum market noon review

    May 3 aluminum market noon review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Shanghai aluminum main force in the morning slightly chased higher, but the rise is limited, the impact of the Russian aluminum incident or further fade, aluminum prices back to fundamentals dominant, the current aluminum market due to the domestic aluminum ingot inventory pressure is huge, temporarily do not support aluminum prices rebound sharply, under the premise of a slight recovery in demand, it is expected that aluminum prices still have some rebound space in the short term, but the increase is obviously limited, it is expected that today's Shanghai aluminum or shock saw, it is recommended to continue to wait and see
    .

    Aluminum City

    Spot market, due to the end of the May Day holiday, market shipment enthusiasm has been boosted, the period aluminum is basically stable, the speed of material destocking in the short term is accelerating, consumption is gradually showing positive, due to sufficient pre-holiday stocking, downstream stocking confidence is weak, and the overall transaction is limited
    .
    The supply of aluminum rods continues to be tight, processing fees continue to rise, and transactions are limited
    .

    In the East China market, aluminum was first suppressed and then rose
    before noon of the month.
    Shanghai transaction concentration 14400 ~ 14410 yuan / ton, the discount for the month 50 ~ 40 yuan / ton, Wuxi transaction concentration 14400 ~ 14410 yuan / ton, Hangzhou transaction concentration 14420 ~ 14440 yuan / ton
    .
    Although the upward trend of cargo holders is gradually weakening, the willingness of middlemen to receive goods is positive, downstream demand is general, and the overall transaction volume is warmer than yesterday, mainly from the contribution of
    traders.

    South China market, early afternoon aluminum narrow range shock, the trend is relatively stable, today's Guangdong spot market that month ticket source transaction concentrated in 14440 ~ 14450 yuan / ton, Guangdong Shanghai price difference maintained around
    40 yuan / ton.
    Today, the willingness of Guangdong holders to ship is more active, the market can circulate abundantly, but the overall receiving performance is not good, the aluminum rod processing fee has also been relaxed, and the overall trading in the spot market in Guangdong today is light
    .

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