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    Home > Chemicals Industry > New Chemical Materials > Short-term shock of aluminum medium-term weak view maintained

    Short-term shock of aluminum medium-term weak view maintained

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum opened at 14650 yuan / ton, the intraday long and short divergence is large, aluminum prices around the 5-day moving average narrow range oscillation, operating range 14610 ~ 14685 yuan / ton, closed at 14650 yuan / ton, Shanghai aluminum index position increased by 9564 hands to 672270 lots, long and short mutual positions
    .
    In June, consumption weakened slightly month-on-month, new production capacity was put into operation one after another, supply and demand fundamental pressure increased month-on-month, it is expected that the speed and magnitude of destocking will slow down, domestic alumina prices have a certain degree of loosening expectations, short-term shocks, medium-term weak views maintained
    .

    Period aluminum

    In terms of external trading, London aluminum opened at 2309.
    5 US dollars / ton in the morning, the Asian market before the afternoon London aluminum trend is light, narrow range below the daily moving average, the afternoon US dollar weak downward, base metal is shaken upward, Lun aluminum high touched 2330.
    5 US dollars / ton, as of 16:42 Lun aluminum reported 2329 US dollars / ton, pay attention to the final value of the US Markit service industry and composite PMI in May, short-term is expected that Lun aluminum will continue to fluctuate slightly strongly, and the operation can still wait for the opportunity
    .

    In terms of the market, before the aluminum rose in the early afternoon, the Shanghai transaction concentration was 14510~14530 yuan / ton, the discount for the month was 50~40 yuan / ton, the Wuxi transaction concentration was 14510~14530 yuan / ton, after the upward movement, the Shanghai transaction concentration was 14540~14550 yuan / ton, the discount for the month was 50~40 yuan / ton, the Wuxi transaction concentration was 14540~14550 yuan / ton, and the Hangzhou transaction concentration was 14540~14560 yuan / ton
    。 Holders ship normally, but the willingness of middlemen to receive goods has increased more, downstream enterprises purchase on demand, and the overall transaction has picked up compared with the previous day, mainly from the contribution of
    traders.
    In the late afternoon, aluminum fluctuated downward in the month, and East China traded 14510~14520 yuan / ton
    .

    Market News:

    1.
    According to Guinean media "Guinee News" reported on June 1, on May 31, Rusal's FRIGUA alumina plant in Guinea was successfully put into operation and resumed production
    .

    2.
    According to reports, Australian-listed Metro Mining Company said on Monday that it achieved the first shipment of two ships of bauxite totaling 123,000 tons of bauxite from its Bauxite Hills mine in Queensland, Australia, and received payment from Chinese customers of these bauxite
    .

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