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    Home > Chemicals Industry > New Chemical Materials > November 21 Shanghai aluminum brief comment

    November 21 Shanghai aluminum brief comment

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    Electrolytic aluminum production reduction has not yet constituted a scale, aluminum price rebound momentum is obviously insufficient, today's Shanghai aluminum main contract intraday weak fluctuations around 13700, the end of the close at 13745, down 25 from the previous trading day, down 0.
    18%.

    Weak fundamentals are difficult to improve in the short term, aluminum prices rise lack of favorable stimulation, short-term Shanghai aluminum is still low volatility, below focus on 1.
    35-13,600 range support, pay attention to electrolytic aluminum production reduction
    .
    It is expected that tomorrow's spot aluminum will not fluctuate much
    .

    Shanghai aluminum

    Today's South China South China aluminum ingot quotation of 13750-13850 yuan, the average price of 13800 yuan, down 20 yuan, the futures price rebounded, traders shipped unabated, large households received goods at a low price, downstream basic on-demand procurement, the overall market transaction is
    acceptable.
    The mainstream transaction price is concentrated in the range of 13790-13800 yuan, which is a premium of -10~0 yuan
    compared with the average price of South China.

    Today's Nanchu East China aluminum ingot quotation is 13700-13740 yuan, the average price is 13720 yuan, down 20
    .
    Yangtze River: 13710-13750, 13730, flat
    .
    Cargo holders are actively shipped, the market circulation is abundant, middlemen are looking for low-priced sources, a wait-and-see attitude is strong, and the transaction is average
    .
    The transaction price is 13710 yuan ~ 13720 yuan, which is a premium of -10 ~ 0 yuan
    compared with the average price of South Reserve East China.

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