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    Home > Chemicals Industry > New Chemical Materials > November 19 aluminum market morning review

    November 19 aluminum market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market early comment: overnight aluminum prices continued to be strong, the London Stock Exchange three-month aluminum price was as high as $2,000 / ton, closing at $1,990 / ton, up 0.
    4%.

    Shanghai aluminum night trading also reached a new high, the highest value of the main 2012 contract was 15945 yuan / ton, closing at 15875 yuan / ton
    .

    Aluminum City

    The early performance of the spot market in the morning is still active, and as prices soar, the willingness to receive goods declines, and the downstream late stage is mostly wait-and-see
    .
    The mainstream trading price in Shanghai is around 15,760 yuan / ton, which is about 200 premiums compared with futures
    .
    The mainstream transaction price in Guangdong is around 15790 yuan / ton
    .

    At present, the supply of aluminum ingots in the market continues to be tight, although the production of electrolytic aluminum has climbed, but the increase in aluminum ingots is limited, while consumption has not weakened, which makes the explicit inventory continue to decline
    .
    This situation will continue in the short term, and aluminum prices are also prone to rise and fall, and it is recommended to think more on the dip in operation
    .

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