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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock stabilized and the upper space is limited

    Shanghai aluminum shock stabilized and the upper space is limited

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2009 contract opened at 14505 yuan / ton, the highest intraday 14590 yuan / ton, the lowest 14405 yuan / ton, settled 14490 yuan / ton, and closed at 14555 yuan / ton, up 10 yuan
    .
    Today's Shanghai aluminum shock stabilized, the first seven months of aluminum exports fell sharply by 21% year-on-year, import sources hit the market, aluminum prices above the space is limited
    .

    Shanghai aluminum

    Today, LME three-month aluminum was quoted at 1777 US dollars / ton at 15:00 Beijing time, down 1 US dollar, or 0.
    06%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River was 14690-14730 yuan / ton, up 60 yuan; Guangdong South Reserve reported 14600-14660 yuan / ton, up 30 yuan; Hua reported 14810-14830 yuan / ton, up 70 yuan
    .
    Holders are willing to sell and offer firmly, traders are active in entering the purchase, downstream procurement is stable, and market transactions are acceptable
    .

    Industry news, it is reported that the United States announced that it will resume 10% tariffs on some aluminum products imported from Canada, and Canada announced reciprocal retaliatory measures
    .
    Tariffs will be imposed on imported U.
    S.
    goods, and the total amount of tariffs will be equal
    to those of the United States.

    On the macro front, the number of initial jobless claims in the United States last week was better than expected, but it was still more than one million; In terms of fundamentals, alumina rushed back to more than 100 yuan, and the cost of electrolytic aluminum fell sharply; Electrolytic aluminum production capacity accelerated to recover, a large number of production capacity started to resume production, and Wenshan, Zhongfu, Shenhuo and China Resources were put into production; On the 6th, SMM aluminum ingot inventory reported 725,000 tons, an increase of 13,000 tons over last Thursday; imported aluminum ingots in June were 120,000 tons, and imported aluminum ingots in July are expected to be higher than in June; aluminum prices rose rapidly, spot discounts expanded, and spot face pressure increased
    .

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