echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on March 14

    Shanghai aluminum afternoon review on March 14

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The performance of Shanghai aluminum in early trading was strong consolidation, approaching the 14,000 yuan line
    .
    At present, Shanghai aluminum shows cost support below, but the resistance of the 14,000 yuan line still exists, and we believe that Shanghai aluminum may still have limited upside space in the short term in the fundamental bearish atmosphere
    .
    The current aluminum market is deadlocked, the quotation is weak, the willingness to receive goods downstream and the mentality of the holder to sell collide, and the overall trading performance is not satisfactory
    .
    Foshan A00 aluminum ingots wholesale sale price 13770-13790 yuan
    .

    Shanghai aluminum

    East China market, aluminum slowly rising
    before noon.
    Today's Shanghai transaction concentration is 13720~13730 yuan / ton, the discount for the month is 60-50 yuan / ton, Wuxi transaction concentration is 13720-13730 yuan / ton, Hangzhou transaction concentration is 13740-13750 yuan / ton
    .
    Today's holders maintain a positive attitude towards shipments, traders are more active, and transaction prices are more concentrated, but the willingness to receive goods downstream is not as strong as yesterday, but the overall transaction heat of the market is acceptable
    .

    In the South China market, aluminum rose steadily before
    noon.
    Today's Guangdong market transaction is concentrated in 13760 ~ 13770 yuan / ton, Guangdong-Shanghai price difference maintained around 40 yuan / ton, the morning aluminum performance is better, so the middleman willingness to receive goods is more active, early afternoon aluminum failed to continue to rise, but the holder did not have the willingness to adjust the price shipment, market supply and demand stalemate, downstream participation is still limited, the transaction is concentrated among traders, today's overall transaction activity is acceptable
    .

    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.

    Contact Us

    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.