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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 30

    Shanghai aluminum afternoon review on May 30

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight Shanghai aluminum opening price at 14175 yuan, due to the large decline during the day, a wave of bulls at the beginning of the session to increase positions at a low level, the price rose to 14120 yuan, but some bulls reduced their positions at a high level, and the bears increased their positions with the trend, and the second half of the trading market basically showed a unilateral downward trend of 14150 yuan, down 20 yuan / ton or 0.
    14%
    from the closing price during the day.

    Shanghai aluminum

    Due to the stagnation of alumina prices, and the cost of electricity and coal prices has been reduced, the cost of electrolytic aluminum may have room to be reduced, with the consumption season or in the next 1~2 months to fade, the current aluminum price is difficult to continue to rise, or short-term pullback, but in the context of the continuous destocking of the downward adjustment is not much, it is expected that today Shanghai aluminum runs at 14100 ~ 14200 yuan / ton, spot to the current month premium 0 ~ 30 yuan / ton
    .

    The AOO aluminum ingot price in East China was 14230 yuan / ton, down 100 yuan
    .
    The tense trade situation has caused market demand to slow down, and the decline in domestic investment and consumption data has also inhibited the forward demand for industrial metals, and the upward trend of aluminum prices is weak, and it is expected that Shanghai aluminum will be weak and volatile today, and spot aluminum prices may fall
    .

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