echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > February 23 Shanghai aluminum brief comment

    February 23 Shanghai aluminum brief comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's market showed a high downward trend, yesterday's night trading sharply rose, but today's market news eased, as of the close, Shanghai aluminum main 2204 contract closed down 22805, down 90, or 0.
    39%.

    Shanghai aluminum

    After Germany announced yesterday to stop the opening of Nord Stream 2, the market once reflected fiercely, aluminum prices rose again, but today macro did not have more fierce negotiations, short-term aluminum prices or will maintain shock consolidation, considering domestic inventories and supply and demand side relatively stable, will continue to form support below aluminum prices, short-term fluctuation range focus on the 22500-23000 range;

    Domestic production and transportation gradually recovered, aluminum inventory has recently accumulated, but high aluminum prices under demand less mining, but also inhibited the recovery rhythm of aluminum consumption, coupled with poor spot market transactions, although the holders discount shipments, but the receiver is still small, the current aluminum or the rise and fall is limited
    .

    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.