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    Home > Chemicals Industry > New Chemical Materials > May 30 aluminum market morning review

    May 30 aluminum market morning review

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: worries eased, the outer metal generally rebounded on Friday, LME three-month aluminum price closed slightly up 0.
    09% to $2868.
    5 / ton
    .
    The Shanghai aluminum night market opened low and then rebounded, but the micro market still closed slightly below 20710 yuan / ton
    .

    Aluminum City

    Spot market trading has risen in the morning, downstream weekend replenishment, and rising prices have also stimulated traders to receive goods, and holders are also more enthusiastic about
    shipments.
    The mainstream trading price in Shanghai is around 20,800 yuan / ton, which is basically the same
    as that of futures.
    The mainstream transaction price in Guangdong is around 20800 yuan / ton
    .

    At present, the contradiction between supply and demand in the domestic market is not prominent, output continues to climb and consumption margin improves, destocking and policy expectations have obvious support for prices, but the expectation of growing production is also putting pressure on aluminum prices, and consumption has not yet recovered to the pre-epidemic level
    .
    Short-term aluminum prices are still greatly affected by macro sentiment, and repeated shocks are more likely
    .
    In terms of operation, it is recommended to focus
    on interval operations.

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