echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > December 11 Shanghai aluminum brief comment

    December 11 Shanghai aluminum brief comment

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's Shanghai aluminum fluctuated slightly, as of the close of 3 o'clock, the main force of Shanghai aluminum closed down 0.
    11% to 13625, down 15 from the previous trading day; In terms of trend, macro disturbances, as well as weak fundamentals, the medium-term bearish trend of aluminum prices remains unchanged, short-term affected by rain and snow, aluminum ingot transportation is not smooth, resulting in a decline in market arrivals, traders firm selling prices slow down the decline in aluminum prices, but lack of good news to boost, upside is also limited, the overall shock trend remains unchanged; It is expected that the spot aluminum price will not fluctuate much
    tomorrow.

    Shanghai aluminum

    Today's South China South China aluminum ingot quotation of 13700-13800 yuan, the average price of 13750 yuan, up 20 yuan, the monthly premium of 150 yuan, the premium stabilized, traders began to ship one after another, downstream consumption is weak, middlemen take the opportunity to lower prices to receive goods, the overall activity of the market is weak
    .
    The mainstream transaction price is concentrated between 13720-13750 yuan, which is a premium of -30~0 yuan
    compared with the average price of South China Reserve.

    Today's Nanchu East China aluminum ingot quotation is 13580-13620 yuan, the average price is 13600 yuan, up 10
    .
    Yangtze River: 13590-13630, 13610 up 10
    .
    Holders are actively shipping, downstream and middlemen are not willing to receive goods, have a strong wait-and-see attitude, the market circulation is very abundant, and the transaction is poor.
    The transaction price is 13590 yuan ~ 13610 yuan, which is a premium of -10~10 yuan
    compared with the average price of South Reserve East China.

     

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.