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    Home > Chemicals Industry > New Chemical Materials > Brief review of the aluminum market on April 9

    Brief review of the aluminum market on April 9

    • Last Update: 2022-12-15
    • Source: Internet
    • Author: User
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    Aluminum market review, Monday, Shanghai aluminum main force after the holiday morning opened at 13795 yuan / ton, the beginning of the session bulls with volume into the market, the plate once rushed to 13850 yuan / ton, hit a week high, bears took advantage of the high entry to suppress, the plate price fell rapidly, the second half of the morning trading long and short sides are mainly to increase positions, the price shock fell back to the 20-day moving average; In the afternoon, the bulls gradually left the market, the price fluctuated back down, until the end of the session, a group of short concentrated exit, the price quickly stopped falling and stabilized, the closing price was 13805 yuan / ton, the same
    as the closing price of the previous trading day.

    Aluminum City

    The quotation of South China aluminum ingots in South China is 13760-13860 yuan, the average price is 13810 yuan, flat, the discount for the month is 10 yuan, the circulation of goods is stable, the downstream fear of heights and less mining, the price stalemate between traders, the overall transaction is limited, the mainstream transaction price is concentrated between 13800-13810 yuan, which is -10~0 yuan
    higher than the average price of South China.

    The quotation of South Reserve East China aluminum ingots was 13800-13840 yuan, with an average price of 13820 yuan, up 20
    Yangtze River: 13800-13840, 13820 up 10
    Traders shipped at a high price, receivers received goods at a low price, the overall transaction was deadlocked, the price fell in the early afternoon, and the spot quotation also fell slightly, but the transaction was still not good
    The transaction price is between 13800-13820 yuan, which is a premium of
    -20~0 yuan compared with the average price of South Reserve East China.

    At present, the supply and demand pattern of electrolytic aluminum has hardly changed, basically in line with expectations, and it is expected that short-term prices will be mainly adjusted sideways, and there will be some room for growth in the medium term

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