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    Home > Chemicals Industry > New Chemical Materials > September 17 aluminum market morning review

    September 17 aluminum market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: The Fed maintained low interest rates and bond purchase plans, basically in line with market expectations
    .
    Overnight external aluminum prices fluctuated, and the three-month aluminum price on the London Stock Exchange closed at 1793 US dollars / ton, down slightly by 0.
    03%.

    Shanghai aluminum night trading also maintained a volatile trend, the main 2010 contract closed at 14565 yuan / ton
    .

    Aluminum City

    The spot market was still active overall, but the transaction was not as good as yesterday.

    The middleman receives the goods normally, the downstream purchases on demand, and the mainstream transaction price in Shanghai is around 14680 yuan / ton, which is about 110 higher than the futures
    .
    The mainstream transaction price in Guangdong is around 14820 yuan / ton
    .

    At present, domestic consumption is rising steadily, but the peak season performance is still poor, but there is a demand for stocking in the market before the Double Festival holiday, which has prompted the destocking of inventory, and the supply pressure is rising, as high profits stimulate the acceleration of
    production capacity.
    Short-term aluminum prices maintain range-bound trends, and it is recommended that range operations be the mainstay
    .
    In the medium term, supply pressure or slag upwind, the price center of gravity shifts
    downward.

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