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    Home > Chemicals Industry > New Chemical Materials > September 21 aluminum market morning review

    September 21 aluminum market morning review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: China's economic data continues to improve, boosting the return of market risk appetite
    .
    On Friday, the outer metal generally strengthened, and the three-month aluminum price on the London Stock Exchange closed above $1795.
    5 / ton, up 0.
    81%.

    Aluminum City

    Shanghai aluminum night trading is also strong, the main 2010 contract closed Gaoyu 14665 yuan / ton
    .
    The spot market was active most of the time in the morning, with both sides of the trading and trading sides performing positively, and downstream actively stocking
    .
    The mainstream trading price in Shanghai is 14,800 yuan / ton, which is about 120 higher than futures
    .
    The mainstream transaction price in Guangdong is around 14960 yuan / ton
    .

    Approaching the long holiday, there is a demand for stocking in the domestic market, which makes the inventory dematerialize in stages, but the overall consumption does not show a significant peak season trend, and the output growth rate accelerates with the launch of more new production capacity, the supply growth pressure continues to accumulate, and the price is difficult to break
    through.
    Short-term aluminum prices maintain range oscillation, and band operation
    is recommended.
    Wait for the opportunity to take a short position in the price center of gravity to move down
    .

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