 Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on July 29

Shanghai aluminum afternoon comment on July 29

 Last Update: 2022-12-19
 Source: Internet
 Author: User

Tags

high 5 gear

electricity price europe

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Yesterday, the main 2009 contract of Shanghai aluminum opened low at 14270 yuan / ton in the morning, and opened up to around 14400 yuan / ton, fluctuating weakly in the range of 14300-14400 yuan / ton; In the late afternoon, the price plunged to 14245 yuan / ton, but then rebounded and recovered some of the decline, closing at 14330 yuan / ton
at the end of the day.

Shanghai aluminum

Yesterday night, the main 2009 contract of Shanghai aluminum opened slightly higher at 14375 yuan / ton, after a slight adjustment, it pulled upward, the high point was 14550 yuan / ton, and the end of the day closed at 14500 yuan / ton
.
Macro liquidity is loose, the overall metal is strong, the overall consumption on the demand side is acceptable, and the basic face of aluminum prices is still supported
.
It is expected that today's Shanghai aluminum main 2009 contract operating range is 14300-14700 yuan / ton
.

The price of Chinalco East China AOO aluminum ingots was 14680 yuan / ton, up 130 yuan
.
Rusal's sales director said that the worst of the aluminum market may be over, and there are signs of improvement in demand in Europe and the United States, and the market may have a production surplus of 2.
5 million tons this year, less than the previous forecast of 3 million tons; At present, alumina prices are facing price increases, and there is support on the cost side of the aluminum market, and spot aluminum prices are expected to rise
today.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.