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    Home > Chemicals Industry > New Chemical Materials > October 11 aluminum market morning review

    October 11 aluminum market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: The US non-farm payrolls data for September was much lower than expected, causing the market to weaken expectations for the Fed's Taper, and the US dollar index weakened, making the outer metal line stronger
    on Friday.
    London Stock Exchange III expects aluminum prices to rise 0.
    59% to $2959.
    5 / ton
    .
    Shanghai aluminum opened higher overnight, and the main 2111 contract closed above 23075 yuan / ton
    .

    Aluminum City

    The overall transaction of the morning spot market is not good, and the downstream bargain procurement is the mainstay, and the actual transaction is limited
    .
    The mainstream trading price in Shanghai is around 22,620 yuan / ton, which is about 130 compared with the futures discount
    .
    The mainstream transaction price in Guangdong is around 22650 yuan / ton
    .

    After the holiday, the tight domestic power supply situation has not eased, and it has even intensified in some areas, which has continued to suppress the downstream and superimposed high price transmission is still not smooth
    .
    While production was also suppressed and fell further, overt stockpiles put pressure on
    shortage prices.
    However, in the medium term, the production recovery cycle is long, and the pressure on consumption is a shortage effect, and aluminum prices are unlikely to fall
    sharply.
    Shortage of aluminum prices or repeated fluctuations, it is recommended to wait and see
    for the time being.

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