 Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock declined, the impact of the off-season has not yet ended

Shanghai aluminum shock declined, the impact of the off-season has not yet ended

 Last Update: 2022-12-19
 Source: Internet
 Author: User

Tags

new south performance

real time gold

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

Today's Shanghai aluminum main month 2009 contract opened at 14765 yuan / ton, the highest intraday 14765 yuan / ton, the lowest 14590 yuan / ton, settled 14675 yuan / ton, and closed at 14590 yuan / ton, down 70 yuan
.
Today's Shanghai aluminum shock is lower, the off-season impact is not over, but the low inventory provides support, short-term aluminum price shock operation
.

Shanghai aluminum

Today's London aluminum shock operation, LME three-month aluminum Beijing time at 15:01 at 1771 US dollars / ton, up 1 US dollars, or 0.
06%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14720-14760 yuan / ton, up 50 yuan; Guangdong South Reserve reported 14740-14800 yuan / ton, up 80 yuan; Hua reported 14840-14860 yuan / ton, up 50 yuan
.
The supply of circulating goods is tight, the collection of goods by large households is limited, and the downstream procurement is on-demand, and the overall transaction is
acceptable.

According to data analysis by analytics and consulting firm GlobalData, global bauxite production is expected to decrease by 0.
1% to 344 million tonnes in 2020, with mines temporarily suspended due to the COVID-19 pandemic and production almost unaffected
.

Based on the current accumulation rhythm, the performance of domestic demand in August is still strong, and the peak season of gold nine silver is coming, demand will usher in the expectation of month-on-month improvement, while the current accumulation speed under the off-season accumulation volume is limited, is expected to be around the 800,000 tons level, the support of low inventory is very strong, short-term still wait-and-see, pay attention to the downward rhythm of aluminum prices and subsequent accumulation
.

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.