 Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum remained stable and the driving force continued to weaken

Shanghai aluminum remained stable and the driving force continued to weaken

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

driving force

united states landmarks

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Today's Shanghai aluminum main monthly 2209 contract, opening 18765 yuan / ton, the highest intraday 18880 yuan / ton, the lowest 18600 yuan / ton, settlement 18700 yuan / ton, the end of the close to 18745 yuan / ton, up 45 yuan, up 0.
24%.

Today's Shanghai aluminum bottomed out, the slowdown in inflation in the United States is more favorable than expected, in addition, the European energy crisis is difficult to alleviate in the short term, overseas refinery reductions continue to cash, but domestic supply pressure still puts pressure on aluminum prices, aluminum prices continue to weaken upward driving force
.

Shanghai aluminum

Today, the LME was quoted at $2,505 / ton at 15:01 Beijing time, up $9, or 0.
36%,
from the previous trading day's settlement price.

Today's spot trading price of Yangtze River is 18790-18830 yuan / ton, up 10 yuan, discount 160-discount 120; Guangdong spot 18620-18680 yuan / ton, up 10 yuan, discount 330-discount 270; Hua reported 18820-18860 yuan / ton, flat
.
Holders continued to reduce the sale of goods for cash, and the receiving party purchased on demand, the demand was lacking, the transaction was poor, and the transaction performance was more general
.

At present, the impact of the Sichuan aluminum plant accident is alleviated, and the cost side of the thermal coal price has downward pressure, so there is a weak expectation of the price, so that the holders are actively shipped, the market supply is sufficient, but the downstream transaction is general, the spot is still in a state of obvious discount, and the weak recovery from the supply pressure exceeds the demand, and the aluminum may be lowered
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.