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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on August 17

    Shanghai aluminum afternoon review on August 17

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum opened at 14430 yuan / ton, opened slightly lower 14400 yuan / ton, and then Shanghai aluminum in the long and short tug-of-war all the way to 14535 yuan / ton, subject to the 5-day moving average, Shanghai aluminum gave up part of the gains, in 14485 yuan / ton a narrow range of
    shock.
    In the second half of the night session, Shanghai aluminum stepped down the ladder, fluctuating at 14455 yuan / ton, during which it slightly explored 14465 yuan / ton, closed at 14450 yuan / ton, closed at the small Yang line, up 60 yuan / ton, up 0.
    42%.

    Shanghai aluminum

    In terms of the market, the transaction in the spot market in the morning remained more active, the middlemen received goods more actively, the downstream also bargained for purchases, and the holders were slightly reluctant to sell
    .
    The mainstream trading price in Shanghai is about 14340 yuan / ton, which is about 50 lower than that of futures
    .
    The mainstream transaction price in Guangdong is around 14450 yuan / ton
    .

    Recently, domestic alumina prices have continued to rise, continuing to push up the cost of
    electrolytic aluminum.
    However, in the current consumption has not improved, the domestic macroeconomic downturn and trade frictions continue to speak, aluminum prices are still difficult to improve
    .
    The rise in costs in the later period and the implementation of relevant domestic policies are still the main factors
    supporting the rise in aluminum prices.
    Today, the center of gravity of Shanghai aluminum has retraced, and the expected intraday operating range is 14400-14550 yuan / ton, and the discount is 30-70 yuan / ton
    .

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