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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices stopped falling and rebounded in the short term or into shocks

    Aluminum prices stopped falling and rebounded in the short term or into shocks

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    Market review, aluminum prices stopped falling and rose on Friday, Shanghai aluminum 1903 contract traded at 13290-13450 yuan / ton, and closed at 13435 yuan / ton at the end, up 0.
    26%
    on a daily basis.
    In the external market, as of 15:43, the 3-month Lun aluminum was reported at 1847.
    0 US dollars / ton, down 0.
    08% on the day, and the support level below it focused on 1820.
    0 US dollars / ton
    .

    Aluminum prices

    In terms of the market, the spot price transaction of Shanghai aluminum is concentrated in the transaction between 13300-13330 yuan / ton, due to the rise of aluminum in the second trading stage, the spot transaction price has increased slightly, and the discount for the month is between 20-10 yuan / ton
    .
    The transaction price in Wuxi is concentrated in 13300-13330 yuan / ton, and the transaction price in Hangzhou is concentrated between
    13330-13340 yuan / ton.
    The mainstream transaction price increased by more than 20 yuan / ton
    compared with the previous trading day.
    During the day, a large middleman was still actively receiving goods in East China, the purchase price quotation in the first trading stage was better, the cargo holder was actively shipped, the large middleman received nearly 6,000 tons of goods in East China, and the middleman and traders traded more actively
    with each other.
    Downstream pick-up is acceptable, but weekend stocking sentiment is not obvious
    .

    In terms of news, the Asian market dollar fluctuated widely, now trading around 96.
    289, some departments of the US government continue to stop, the US House of Representatives passed a bill to end the government shutdown, but does not include the US border wall construction appropriation
    .

    In terms of industry, the consortium of Guinea Jinbo Bauxite Development Company and Shandong Zibo Rundi Aluminum Company signed the "Mining Agreement" of the FRIA bauxite project with the Guinean government
    .

    During the day, Shanghai aluminum stopped falling and rebounded, as the market was boosted by the news of the upcoming vice ministerial consultations on economic and trade issues between China and the United States, the mentality improved, Shanghai aluminum had a technical rebound, but the current global economy is generally weak, aluminum downstream demand has not improved, aluminum rebound space is still in doubt, it is expected that short-term aluminum prices or into shock
    .

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