echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > October 25 aluminum market noon comment

    October 25 aluminum market noon comment

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market summary: the dollar index rose to put pressure, overnight Lun aluminum fell $10, domestic electrolytic aluminum social inventory declined, spot market arrivals are small, aluminum prices to get support performance is relatively firm, it is expected that spot aluminum rose
    slightly today.

    In the early afternoon, aluminum fluctuated downward in the month, and rebounded
    slightly at the end of the session.
    Today, Guangdong is affected by the upgrade of the value-added tax system, the ticket transaction is scarce in the month, and the ticket price in the morning and next month is concentrated at 13910-13920 yuan / ton, as the price of aluminum fluctuates and falls, the price drops to around 13880-13910 yuan / ton, and the price difference between Guangdong and Shanghai is around
    70 yuan / ton.
    Today, traders are more and less connected, downstream procurement is significantly weakened, and there is a strong wait-and-see mood
    .
    Overall, aluminum ingot trading in South China today is poor
    .

    Aluminum fell before noon in the month
    .
    In the morning, the spot price in Shanghai Wuxi area was between 13990-14000 yuan / ton, with the later aluminum fall, the spot price fell to 13970-13980 yuan / ton, the opposite plate premium maintained around 100-110 yuan / ton, the price was basically the same as yesterday, and the spot price in Hangzhou was between
    13990-14000 yuan / ton 。 In the morning, a large household took the lead in receiving goods, the quotation was relatively high, the holder recognized and actively shipped, the second trading stage aluminum price fell, the holder's enthusiasm for shipment was not reduced, but the quotation was relatively firm, the premium remained stable, and the middleman actively received the goods, but the transaction between the two sides was still
    deadlocked.
    Downstream is still purchasing on demand today, and the fear of heights is obvious, and it is not manifested as weekend stocking sentiment
    .
    East China's overall transaction today is average
    .

    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.