echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > November 8 Shanghai aluminum brief comment

    November 8 Shanghai aluminum brief comment

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Intraday market arrivals decreased, electrolytic aluminum inventory fell 40,000 tons to boost, today Shanghai aluminum stopped falling and rebounded, but the momentum is obviously insufficient, the main contract broke through 14,000 intraday after failing to stand, giving up part of the gains, closing at 13,945 yuan / ton at the end, up 65, or 0.
    47%, from the previous trading day; In the short term, it is still difficult for Shanghai aluminum to get rid of the volatile market, and the main contract focuses on the breakthrough of the 14,000 mark
    .

    Shanghai aluminum

    Nanchu South China aluminum ingot quotation 13920-14020 yuan, the average price of 13970 yuan, up 80 yuan, the futures price first rose and then fell, the holder of a large number of dumps, downstream near the weekend a small amount of replenishment, middlemen only received goods at a low price, the market transaction was flat
    .
    The mainstream transaction price is concentrated between 13940-13970 yuan, which is a premium of -30~0 yuan
    compared with the average price of South China Reserve.

    Today's South Reserve East China aluminum ingot quotation is 13880-13920 yuan, the average price is 13900 yuan, up 90
    .
    Yangtze River: 13870-13910, 13890 up 70
    .
    Traders shipped positively, but the price was slightly strong, the market circulation was abundant, the downstream maintained on-demand procurement, and the overall transaction was average
    .
    The transaction price is 13880 yuan ~ 13900 yuan, which is a premium of -20~0 yuan
    compared with the average price of South Reserve East China.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.