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

    Shanghai aluminum afternoon review on July 17

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Yesterday, the main 2008 contract of Shanghai aluminum opened at 14300 yuan / ton in the morning, and began to fall continuously after a slight adjustment at the opening, falling by more than 200 yuan / ton before noon; The decline in the afternoon did not change, the position was reduced to break through the 10,000 integer mark, and finally closed at 13,975 yuan / ton, the trading volume increased to 158,000 lots, the position was reduced to 129,000 lots, and the daily close was overcast, with a single-day decline of 500 yuan / ton, the largest one-day decline since April
    .

    Shanghai aluminum

    The main force of Shanghai aluminum opened at 14,000 yuan / ton in the night session, rebounded to 14,150 yuan / ton after standing firm, and closed at 14,145 yuan / ton
    at the end.
    After the change of month, the spot tension has eased slightly, macro funds have withdrawn from profits, inventories are still at a relatively low level, spot remains high, fundamentals are still supported, and it is expected that the main operating range of Shanghai aluminum today is 14000-14400 yuan / ton
    .

    The price of Chinalco East China AOO aluminum ingots was 14,540 yuan / ton, down 280 yuan
    .
    Domestic average daily production of primary aluminum in June reached a record high, aluminum ingot inventory was blocked, pressure on the supply side gradually appeared, negative impact on exports, and spot aluminum prices are expected to fall
    slightly today.

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