 Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock fell back off-season consumption put upward pressure on prices

Shanghai aluminum shock fell back off-season consumption put upward pressure on prices

 Last Update: 2022-12-22
 Source: Internet
 Author: User

Tags

what price oil today

magna power supply

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 19470 yuan / ton, the highest intraday 19530 yuan / ton, the lowest 19240 yuan / ton, settlement 19495 yuan / ton, the end of the close to 19275 yuan / ton, down 220 yuan
.
Today's Shanghai aluminum shock fell, the state continued to strengthen the supervision of bulk commodities, organized subsequent batches of national reserves to be released, and aluminum prices under upward pressure
under off-season consumption.

Shanghai aluminum

Today's London aluminum narrow range, LME three-month Beijing time at 15:03 at 2488 US dollars / ton, down 1 US dollars, or 0.
02%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19300-19340 yuan / ton, down 90 yuan; Guangdong South Reserve reported 19370-19430 yuan / ton, down 60 yuan; Hua reported 19360-19400 yuan / ton, down 80 yuan
.
Holders generally sell at high prices, receivers purchase at low prices, downstream demand is not good, and the overall transaction is average
.

At the macro level, the global liquidity situation has been abundant, and the domestic economic development has been stable and improving
.
Fundamentally, the current aluminum consumption shows signs of weakening, but aluminum ingot inventories are still in the destocking cycle
.
Recently, Yunnan, Henan and other places once again reported power rationing policy, supply and demand two-way weakening, off-season inventory inflection point time or change, if this week still maintain destocking, Shanghai aluminum has continued to rush up
.
It is necessary to continue to pay attention to the progress of power rationing, inventory inflection points and changes in the sentiment of long and short bears
.

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.