echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum trend is strong, the overall market transaction is average

    Shanghai aluminum trend is strong, the overall market transaction is average

    • 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 2106 contract opened at 19375 yuan / ton, the highest intraday 19880 yuan / ton, the lowest 19360 yuan / ton, settled 19625 yuan / ton, and closed at 19700 yuan / ton, up 270 yuan
    .
    Today's Shanghai aluminum trend is strong, the current market is still in the peak season, social inventory is still degrading, but due to the relaxation of production restrictions in Inner Mongolia, China's aluminum production in April hit a record high, the supply side showed a growth trend, may limit the upside
    of aluminum prices.

    Shanghai aluminum

    In the external market, today's Lun aluminum opened higher, LME three-month aluminum Beijing time at 15:01 at 2478 US dollars / ton, up 31.
    5 US dollars, or 1.
    29%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 19660-19700 yuan / ton, up 10 yuan; Guangdong South Reserve reported 19700-19760 yuan / ton, up 10 yuan; Hua reported 19790-19810 yuan / ton, up 40 yuan
    .
    The circulation source is loose, the holders ship at a good price, the enthusiasm of large households to receive goods is better, and the middlemen receive goods at low prices, and the overall transaction is average
    .

    The current market is still in the peak consumption season, and the recent rapid price rise has inhibited downstream consumption, but the social inventory of aluminum ingots is still in a state of decomposition, and the fundamentals are still somewhat supported, and spot aluminum prices are expected to rise
    slightly.

    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.