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    Home > Chemicals Industry > New Chemical Materials > Stock market rally stimulates base metal rally Aluminum price trend preference

    Stock market rally stimulates base metal rally Aluminum price trend preference

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
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    The rise in the stock market stimulated the rebound in base metal prices, overnight Lun aluminum closed up $12, the market is currently mainly concerned about the policy signals released by the two meetings held today, the recent aluminum price trend preference, is expected to rise today
    .

    Aluminum prices

    The global stock market rebound spurred base metal prices higher across the board, with London aluminum closing up $12 overnight, and the latest quotation was $1591, up 0.
    76%; Today's Shanghai aluminum opened high, the current month 1603 contract opened at 11215 yuan, up 60 yuan, 9:20 Shanghai aluminum 1603 contract latest price was 11230 yuan, up 75 yuan; Bears took profits and left the market, aluminum prices recovered, and the intraday trend is expected to be strong
    .

    The latest inventory of London Metal Exchange (LME) 2-day aluminum was 2,751,100 metric tons, down 4,500 metric tons from the previous trading day's inventory, and the latest inventory of aluminum alloy was 16,100 metric tons, unchanged
    from the previous trading day's inventory.

    Yesterday's domestic spot aluminum quotations remained stable, AOO aluminum ingots reported 11070 yuan - 11110 yuan / ton, the average price was 11090 yuan / ton, flat, and Chinalco's AOO aluminum ingots in East China reported 11170 yuan / ton, down 40 yuan / ton; At present, the market is mainly concerned about the policy signals released by the two sessions held today, and the short-term speculation of further favorable policies will continue to be introduced in the country, the overall popularity of the commodity market has recovered, and the recent aluminum price trend is preferred, and aluminum is expected to rise
    today.

    In January 2016, China's aluminum alloy wheel exports amounted to US$304 million, a year-on-year decrease of 19.
    4%; The export volume was 65,100 tons, a year-on-year decrease of 13.
    5%; The export unit price is 4.
    67 US dollars / kg
    .
    There were 357 export manufacturers, and the total export value of the top 40 manufacturers in the mid-term period was 254 million US dollars, accounting for 83.
    6% of the total export value of this product; The total export value of the top 100 manufacturers was 293 million US dollars, accounting for 96.
    5%
    of the total export value of this product.

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