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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on February 28

    Shanghai aluminum afternoon review on February 28

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Yesterday, the main 2004 contract of Shanghai aluminum opened at 13475 yuan / ton, fluctuating around 13480 yuan / ton at the beginning of the session, the high point was only 13505 yuan / ton, and at 10:15 after the stop began to increase positions downward, then fell below the previous low of 13445 yuan / ton, once tested 13400 yuan / ton in the afternoon, but the late reduction of positions was slightly stable, closing at 13430 yuan / ton, down 0.
    44%, The trading volume increased to 44,000 lots, the position increased to 132,000 lots, and the night trading continued to be suspended, and the resumption time is to be determined
    .
    After reducing positions for two consecutive days and stabilizing, yesterday the main force of Shanghai aluminum increased its position again to a new low, the following focus moved to last year's low of 13200 yuan / ton, the spot end performance was weak, demand concerns under the cost support has weakened, it is expected that the main force of Shanghai aluminum today will run in the range of 13300-13600 yuan / ton
    .

    Shanghai aluminum

    Foshan aluminum: 2/28 South Reserve Foshan aluminum ingot quotation 13130-13190 yuan, the average price of 13160 yuan, down 210 yuan, the month discount of 70 yuan, aluminum prices plummeted, the end of the month funds are slightly tight, holders are afraid to fall and dump goods, downstream maintenance just need to purchase, market performance is poor
    .
    The mainstream transaction price is concentrated between 13080-13130 yuan, which is -80~-30 yuan
    higher than the average price of Nanchu Foshan.

    Wuxi aluminum: 2/28 Nanchu Wuxi aluminum ingot quotation 13130-13170 yuan, the average price is 13150 yuan, down 220 yuan, and the discount for the month is 80 yuan
    .
    Yangtze River: 13150-13190, 13170 down 210
    .
    The base price fell sharply, the market performance was pessimistic, the holders panicked to ship, the receiving wait-and-see discount expanded, and the trading was weak
    .
    The spot transaction price is concentrated in 13080-13120 yuan, which is -70~-30 yuan higher than the average price of Nanchu Wuxi
    .

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