-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Aluminum market morning comment: energy costs soared, consumption strong and supply-side concerns pushed up aluminum prices, overnight external aluminum prices soared and reached a new high, London Stock Exchange three-month aluminum price of the highest 3071 US dollars / ton, closed at 3042 US dollars / ton, up 2.
79%.
Shanghai aluminum night trading gap high, the main 2111 contract up to 23685 yuan / ton, closed at 23545 yuan / ton
.
The morning spot market trading is not very active, the morning downstream bargain procurement is the mainstay, the holders have a strong price performance, but there is almost no transaction
at the high level.
The mainstream trading price in Shanghai is around 22810 yuan / ton, which is about 80% higher than that of futures
.
The mainstream transaction price in Guangdong is around 22850 yuan / ton
.
Soaring energy prices have pushed up the cost of electrolytic aluminum, especially overseas
.
The exponentially rising energy costs may cause smelters to reduce production due to losses, while strong overseas consumption supports the continued strengthening of external prices, which in turn drives domestic aluminum prices
.
However, at present, domestic consumption is suppressed by power restrictions and high prices, and explicit inventories are rising, putting pressure
on prices.
Short-term Shanghai aluminum fluctuates sharply, it is recommended to wait and see
for the time being.
