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August 24 aluminum market morning review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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aluminum chloride

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Aluminum market morning comment: Eurozone PMI is not good, the dollar index rebounded sharply, most of the external aluminum prices fell on Friday, and the London Stock Exchange three-month aluminum price closed down 0.
84% to $1768 / ton
.
Domestic night trading also weakened, the main 2009 contract gap opened low after a narrow range, and finally closed below 14595 yuan / ton
.

Aluminum City

The overall transaction of the spot market in the morning increased slightly, and a small amount of goods were stocked downstream on weekends, and the willingness of middlemen to receive goods was still not strong
.
The mainstream trading price in Shanghai is around 14,800 yuan / ton, which is about 60 higher than futures
.
The mainstream transaction price in Guangdong is around 14820 yuan / ton
.

The consumption fatigue in the domestic market is obvious, and the supply is accelerating with the rapid launch of production capacity, and supply pressure is gradually accumulating
.
However, the current warehouse is slow, inventory is still at a low level, and there is a peak season expectation, and it is difficult for short-term aluminum prices to fall
sharply.
Operationally, it is recommended to take advantage of the high and short thinking
.

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