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    Home > Chemicals Industry > New Chemical Materials > October 28 aluminum market morning review

    October 28 aluminum market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the US dollar index strengthened, overnight aluminum price volatility was weak, London Stock Exchange three-month aluminum price fell slightly by 0.
    05% to 1821 US dollars / ton
    .
    Shanghai aluminum overnight trading volatility downward, the main 2011 contract closed below 14625 yuan / ton
    .

    Aluminum City

    The performance of the spot market in the morning was not good, and the enthusiasm of holders to ship was high, but there were fewer receivers, and the downstream was afraid of high and small amounts of goods
    .
    The mainstream trading price in Shanghai is around 14880 yuan / ton, which is about 150 higher than futures
    .
    The mainstream transaction price in Guangdong is around 14800 yuan / ton
    .

    The fundamentals of the domestic market have slowly changed, consumption is stable, supply is rising, and the transition from shortage to surplus is gradually increasing, putting pressure
    on prices.
    The situation of short-term low inventory is difficult to change, and there is still some support
    for prices.
    However, as supply continues to rise, the price center of gravity will inevitably come under
    pressure.
    It is recommended to wait and see in the short term, and reverse intertemporal arbitrage operations
    can be considered.

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