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    Home > Chemicals Industry > New Chemical Materials > The news in the domestic market is flat, and Shanghai aluminum follows the sideways market

    The news in the domestic market is flat, and Shanghai aluminum follows the sideways market

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
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    Today, the average price of nonferrous aluminum in the Yangtze River rose 20 to 11180, and the average price of nonferrous aluminum in the South China Sea rose 40 to 11410
    .
    Shanghai aluminum spot monthly contract 1603 opened at 11220, the highest 11295, the lowest 11150, closed at 11200, down 10 or 0.
    09%.

    At press time, the London aluminum telegram was trading at 1573.
    00 and the dollar index was at 97.
    42
    .

    Shanghai aluminum

    News: 1.
    China's February CPI was 2.
    3% year-on-year, the largest increase since July 2014, expected to be 1.
    8%, and the previous value was 1.
    8%.

    China's February CPI was 1.
    6% m/m vs 0.
    5%
    prior.
    China's February PPI was -4.
    9% y/y vs.
    -4.
    9% expected and -5.
    3%
    prior.
    China's February PPI was -0.
    3% m/m vs -0.
    5%
    prior.
    China's PPI fell for 48 consecutive months year-on-year, but the decline narrowed for the second consecutive month
    .

    2.
    China Association of Automobile Manufacturers: China's passenger car sales in February were 1.
    38 million units, down 1.
    5%
    y/y.
    China sold 1.
    58 million vehicles in February, down 0.
    9%
    y/y.
    China's vehicle sales from January to February increased by 4.
    4%
    y/y.

    Tomorrow's aluminum price analysis: the market news during the domestic session is flat, base metals continue to adjust, and Shanghai aluminum follows the sideways market
    .
    Tomorrow's aluminum price material will not change much, for reference
    only.

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