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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on March 21

    Shanghai aluminum afternoon review on March 21

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    The performance of Shanghai aluminum continued to decline, deviating from the 14,000 yuan line and falling into the 13,900 yuan range
    .
    At present, the performance of Shanghai aluminum is more seriously constrained by domestic fundamentals, but under the cost support, the space under Shanghai aluminum may appear to be relatively limited, and it is expected that short-term Shanghai aluminum will still be weak in the range of 13700-14100 yuan
    .

    Shanghai aluminum

    In terms of the market, after the price of aluminum fell, the holders had the mentality of reluctance to sell, and shipments were reduced, but the downstream had the willingness to bargain absorb, and the transaction became active
    .
    The downstream generally still hopes that around 14,000 yuan of aluminum as a psychological threshold, once it moves down from this line, they will still be regarded as an opportunity
    to enter the market.

    In the South China market, the aluminum market leaked at the beginning of the period, and stabilized and fluctuated
    at a low level before noon.
    Today's Guangdong market transaction is concentrated in 13700 ~ 13720 yuan / ton, Guangdong-Shanghai price difference around 20 yuan / ton, today's holders are willing to ship positively, but due to the lower absolute price, so the premium is relatively firm, did not adjust the price of dumping, downstream to maintain on-demand procurement, compared with last week the willingness to receive goods has been enhanced, middlemen part to do the price difference arbitrage between the two places, today's Guangdong market overall transaction is general, decent
    .

    In the East China market, aluminum fell before noon of the month and then fluctuated
    at a low level.
    Shanghai transaction concentration is 13690-13710 yuan / ton, the discount for the month is 120-110 yuan / ton, Wuxi transaction concentration is 13690-13710 yuan / ton, Hangzhou transaction concentration is 13700-13720 yuan / ton
    .
    The shipment attitude of the holders remained positive, the middlemen cautiously received the goods, the downstream enterprises purchased on demand, the price reduction did not lead to an increase in the purchase volume, and the overall transaction remained stable
    .

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