echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > September 18 aluminum market noon comment

    September 18 aluminum market noon comment

    • 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 afternoon comment: European and American stock market collective weakness dragged down the market, overnight Lun aluminum closed down $12, the import window closed to inhibit the inflow of overseas goods, social inventory to provide bottom support, it is expected that today's aluminum rise and fall is limited
    .

    Recently, Europe and other countries have implemented anti-dumping on China's aluminum exports, aggravating concerns about exports under high ratios, and it is expected that exports will still be difficult to improve
    significantly.
    On the supply side, stimulated by the continued high smelting profit, Yunaluminum Haixin and Yunnan Hongtai have recently started production, and supply growth has accelerated
    .

    The current aluminum consumption has improved in a certain sector, this week's inventory data also shows destocking, but the overall can not meet the market's expectations for peak season consumption, especially in the context of continuous supply, once the peak season demand is confirmed to be poor or the peak season is seriously delayed, in fact, greatly reducing the supply and demand mismatch for the price of promotion, but the fact of low inventory can not be ignored, short-term wait-and-see is appropriate, waiting for specific changes
    in demand.

    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.