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May 5 aluminum market brief comment

 Last Update: 2022-12-05
 Source: Internet
 Author: User

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aluminum price history

aluminum epoxy

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Affected by the suspected de-capacity document in Shandong, the trend of Shanghai aluminum this morning showed strong volatility, but it was under pressure
at 14,000 yuan.
Recently, the operational independence of the aluminum market shows that it is strong, and the impact of other metals is limited, but the higher Shanghai aluminum is driven by the policy, so to break through 14,000 yuan still need to rely on further news to promote, otherwise Shanghai aluminum will turn into a weak state again, short-term attention to the long and short in the 14,000 yuan line of competition, the operating range of 13750-14050 yuan
.

Aluminum City

In terms of aluminum, A00 aluminum ingots in South China rose 90 yuan
today.
Near the weekend, coupled with the resumption of aluminum prices, the positive attitude of cargo holders to ship, the downstream stock demand has once again appeared, and the market transaction situation is ideal.

The price of Nanchu East China aluminum ingots was 13830-13870 yuan, with an average price of 13850 yuan, up 100 yuan
from the previous trading day.
Today's prices fluctuated wildly, with early days as futures rose, Shanghai and Wuxi trading prices rose from 13870 to 13890 yuan, and then as futures fell, the trading price fell to 13860 yuan
.
The transaction price in East China is 10~40 yuan / ton
higher than the average price of South Reserve East China.

Today's South China aluminum ingot quotation is 13840-13940 yuan, the average price is 13890 yuan, up 90 yuan
.
Early futures went higher, demand was high, the trading price rose to around 13940 yuan, but then the supply increased, coupled with the decline of futures, the price fell back to around 13890 yuan, which is between 0~50 yuan higher than the average price of South China
.

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