echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum high fell back market risk aversion is still strong

    Shanghai aluminum high fell back market risk aversion is still strong

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai aluminum main month 2108 contract, opening 19090 yuan / ton, the highest intraday 19260 yuan / ton, the lowest 18860 yuan / ton, settlement 19060 yuan / ton, the end of the close to 18885 yuan / ton, down 175 yuan
    .
    Today's Shanghai aluminum high fell back, epidemic worries continued, market risk aversion is still strong, the US dollar index high held steady to suppress aluminum prices, although Henan's heavy rain caused transportation to be blocked, but only the entry and exit of goods were restricted
    .

    Shanghai aluminum

    Today's Lun aluminum fluctuated at a low level, and the LME reported at $2438 / ton at 15:01 Beijing time for three months, down $10, or 0.
    41%,
    from the previous trading day's settlement price.

    In terms of the market, the spot trading price of Yangtze River was 19070-19110 yuan / ton, up 60 yuan; Guangdong South Reserve reported 19130-19190 yuan / ton, up 50 yuan; Hua reported 19120-19160 yuan / ton, up 50 yuan
    .
    Holders maintain high price shipments, receivers purchase at low prices on demand, large households are generally enthusiastic about receiving goods, and transaction activity is better than yesterday
    .

    In terms of news, the heavy rainfall in Henan Province continued, and the transportation of scrap aluminum was blocked during the main flood period, and the water accumulation in many areas was serious, affecting aluminum production, coupled with various power rationing measures, the production of primary aluminum fell in June, and the supply was tight, and aluminum was expected to rise
    .

    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.