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    Home > Chemicals Industry > New Chemical Materials > The aluminum market is still difficult to get rid of the volatile market in the short term

    The aluminum market is still difficult to get rid of the volatile market in the short term

    • Last Update: 2022-12-13
    • Source: Internet
    • Author: User
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    On Thursday, the main monthly 1811 contract of Shanghai aluminum opened at 13,900 yuan, with an intraday high of 13,970 yuan and a low of 13,880 yuan, and closed at 13,905 at the end of the day, up 45 yuan tons
    from the previous trading day.
    Domestic bauxite supply tightened to support aluminum prices to maintain a high level, Shanghai aluminum rose slightly during the day, but the upward momentum is obviously insufficient, it is expected that the aluminum market will still be difficult to get rid of the shock market in the short term
    .

    Aluminum City

    In the external market, the month-on-month increase in Rusal exports showed that the improvement in demand limited the decline in aluminum prices, and intraday aluminum fell slightly, and the lower support focused on $
    1900.
    At 15:58 Beijing time, the LME 3-month aluminum was $1983.
    5, down $2 from the previous session
    .

    In terms of the market, the spot trading price of Yangtze River was 13870-13910 yuan / ton, up 70 yuan / ton; Guangdong South Reserve reported 13920-14020 yuan / ton, up 80 yuan / ton; Hua reported 13980-14000 yuan / ton, up 80 yuan / ton; The average domestic spot transaction price is between
    13880-13920 yuan / ton.
    Aluminum rose slightly during the day, the shippers' shipments were acceptable, the willingness of middlemen to receive goods increased, and the market transaction picked up
    .

    Market News:

    1.
    According to news, the Brazilian Federal Court once again upheld the judgment of the state court, that is, Norwegian Hydro can only operate at half the capacity of the Alunorte alumina plant in Brazil
    .

    2, intraday Shanghai aluminum main force transferred to 1901 contract, low volatility, the tail market closed at 13945, operation, below 13700-13500 are support, slow to fall, and not much space, the current 14000 area of price intensive area
    .

    On the sidelines of the signing ceremony at the China International Import Expo, Lu Dongliang, president of Aluminum Corp.
    of China, told Reuters that China's alumina exports last month were roughly in line with
    the scale in September.

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