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    Home > Chemicals Industry > New Chemical Materials > September 24 aluminum market morning review

    September 24 aluminum market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the weakening of the US dollar index coupled with the continuous interference of the domestic supply side, overnight aluminum prices continued to rise, the London Stock Exchange three-month aluminum price closed up 0.
    65% to 2956 US dollars / ton, a new closing high
    .
    Shanghai aluminum fluctuated in a narrow range overnight, and the main 2111 contract closed slightly below 23425 yuan / ton
    .

    Aluminum City

    In the morning, due to the sharp rise in prices in the morning market, the enthusiasm for procurement was frustrated, and the willingness of holders to dump goods was strong, but the actual transaction was limited
    .
    The mainstream trading price in Shanghai is 23,330 yuan / ton, which is about 30 lower than the futures
    .
    The mainstream transaction price in Guangdong is around 23370 yuan / ton
    .

    The pressure of dual control of energy consumption in southwest regions such as Yunnan has increased, and smelters will passively further press production
    .
    Other regions also have the risk
    of power and production restrictions.
    Increased
    supply-side uncertainty.
    Recently, the price of raw materials has risen sharply and the cost of electricity has risen sharply, which has greatly pushed up smelting costs
    .
    The short-term price surge has also suppressed consumption, causing inventories to rise, but the supply-side impact is even worse
    .
    Supply-side contradictions and rising costs still support the strong price of aluminum, and it is recommended to maintain the idea of bargain hunting and long
    .

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