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    Home > Chemicals Industry > New Chemical Materials > May 6 aluminum market noon comment

    May 6 aluminum market noon comment

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Aluminum market summary: investors are worried about the oversupply of the aluminum market this year, and the cumulative decline of Lun aluminum during May Day fell by nearly 1%; The logic of electrolytic aluminum production reduction has come to an end, waiting for consumption guidance after the holiday, and spot aluminum is expected to rise
    slightly today.

    Aluminum City

    East China Aluminum: Aluminum oscillated upward
    in early afternoon.
    Shanghai Wuxi area holder quotation between 12970-12990 yuan / ton, the spot price is up from before the holiday around 190 yuan / ton, the plate premium is concentrated between 80-100 yuan / ton, Hangzhou spot price is between
    12990-13010 yuan / ton.
    Today is the first spot trading day after May Day, the shippers are more active, although the middlemen have the demand for receiving goods and the inquiry is active, but the actual transaction between the two sides is slightly deadlocked, and it is difficult to reach an agreement
    on the price.
    A large household purchased
    normally today.
    There is some replenishment demand after the downstream holiday, but due to the sharp rise in aluminum prices, the attitude of receiving goods is slightly hesitant
    .
    The overall transaction in East China today is acceptable
    .

    South China aluminum: before the afternoon South China spot market shipment-based, traders inquiry more to receive less goods, large households to pick up less prices, the mainstream transaction price is 13150-13160 yuan / ton, a small number of low prices around 13140 yuan / ton; After the suspension of trading, futures fluctuated in a narrow range, poor demand, and holders lowered their quotations and shipments, and the mainstream price was 13120-13140 yuan / ton
    .
    The spot price difference between Guangdong and Shanghai remained at 150-170 yuan / ton
    .
    During the holiday, Guangdong had a small number of arrivals, including some East China transshipment sources, inventory increased slightly compared with before the holiday, Shanghai aluminum 05/06 month difference fluctuated in a wide range of 120-180 yuan / ton, spot to 05 contract premium at 220-260 yuan / ton, basis high adjustment
    .

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