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    Home > Chemicals Industry > New Chemical Materials > May 9 aluminum market noon comment

    May 9 aluminum market noon comment

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Shanghai aluminum main force failed to continue the rally in the morning trading to fall back, the US dollar index strong pressure to suppress aluminum prices, inventory pressure is still obvious, expected aluminum price rise is limited, short-term aluminum market nervousness, or more aluminum price development is unfavorable, but cost support is stable aluminum prices strong resistance, it is expected that Shanghai aluminum today to maintain a narrow range
    .

    Aluminum City

    Spot market, the current tax point reduction export increased, spot sources re-increased, aluminum is basically stable, short-term destocking has slowed down, consumption gradually recovered, due to the improvement of demand, holders of goods enthusiasm is general, traders shipments are more active, downstream users are generally not happy, the overall transaction momentum is insufficient
    .
    In terms of aluminum rods, the supply of aluminum rods continued to be tight, processing fees continued to fall, downstream willingness to receive goods decreased, and the overall transaction did not improve
    .

    In the South China market, aluminum performance was stable in the early afternoon, and today's Guangdong spot market transaction was concentrated in 14580~14590 yuan / ton, and the price difference between Guangdong and Shanghai remained around
    50 yuan / ton.
    Today, the willingness of goods holders in Guangdong is more active, and the market can circulate abundantly, but the middlemen have doubts about the price in the future, coupled with the order performance of downstream processing enterprises, so the willingness to purchase is low, and the overall transaction in the Guangdong market today is light
    .

    In the East China market, aluminum was partially repaired overnight before noon of the month
    .
    Shanghai transaction concentration 14530~14540 yuan / ton, for the month discount 30 ~ 20 yuan / ton, Wuxi transaction concentration 14530 ~ 14540 yuan / ton, Hangzhou transaction concentration 14560 ~ 14580 yuan / ton
    .
    The market circulation is sufficient, the spot discount has expanded slightly, the middlemen are cautious in receiving goods, downstream enterprises purchase on demand, the receiving strength is average, and the overall transaction remains sluggish
    .

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