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    Home > Chemicals Industry > New Chemical Materials > August 18 aluminum market afternoon comment

    August 18 aluminum market afternoon comment

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    The aluminum market fluctuated
    in a narrow range overnight.
    On the market, the spread between the recent month and the main contract has gradually narrowed, which also indicates the attitude of
    the spot market.
    In addition, the number of positions has continued to decline, indicating that funds are gradually leaving the market
    .
    Fundamentals began to change in mid-to-late August, showing a pattern of supply and demand increasing from the previous period to a pattern of supply and demand increasing
    month-on-month.

    Aluminum City

    In terms of the market, the price of Chinalco East China AOO aluminum ingots was 14420 yuan / ton, down 130 yuan
    .
    The downstream demand in the traditional off-season is relatively weak, but the seasonal accumulation is slow, and the current electrolytic aluminum inventory is still at a low level overall, and spot aluminum prices are expected to rise
    today.

    After the seasonal off-season, demand is also gradually recovering, coupled with the market's expectations for gold nine silver ten, some downstream processing industry processing fees have risen, and it is inevitable that some enterprises will restock.

    But how much effect can it have on the market, put a question mark for the time being, but there will be some boost to the market, but the probability of continuing to go sharply higher is not very large, unless there is a black swan event
    on the supply side of the industry.

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