echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > October 9 aluminum market morning review

    October 9 aluminum market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Aluminum market early comment: Aluminum prices outside the festival first fell and then rose, and overseas economic recovery boosted aluminum consumption
    .
    The three-month aluminum price on the London Stock Exchange closed at $1799 / ton, up 2.
    04%.

    Aluminum City

    Before the holiday, the transaction volume of the domestic spot market gradually faded, and the holders were still actively shipping, but the downstream decline after the holiday, and the performance of middlemen was also average
    .
    The mainstream trading price in Shanghai is around 14650 yuan / ton, and the futures premium is about
    260.
    The mainstream transaction price in Guangdong is around 14560 yuan / ton
    .

    Domestic fundamentals are still in gradual change, production growth continues to accelerate with the release of production capacity, although consumption lacks bright spots, but there is no obvious weakening trend, the real estate market is slightly weak, but there is still strength
    in transportation and infrastructure.
    However, the pressure of accelerating supply growth continues to accumulate, and the domestic aluminum price center will gradually decline
    .
    Operationally, it is recommended to operate
    at a high altitude and in the air.

    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.