echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > February 26 Shanghai aluminum morning review

    February 26 Shanghai aluminum morning review

    • Last Update: 2022-12-08
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Last Friday evening Shanghai aluminum main contract opened at 14305 yuan / ton, after the opening aluminum price around the daily moving average narrow range oscillation, the trend is relatively light, closed at 14335 yuan / ton, the center of gravity slightly upward, it is expected that today's Shanghai aluminum main contract continues to fluctuate between the 5/20 daily moving average, the trend or will be strong, the operating range of 14250 ~ 14500 yuan / ton, spot discount around 260 ~ 220 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, SMM A00# aluminum spot price was 13940 yuan / ton, down 70 yuan / ton from the previous week, compared with the discount of 260 yuan / ton for near-month contracts, Friday aluminum upward, spot discount still has room to narrow, the shipholder's shipment strength is still convergent, the middleman is downstream to receive goods, the willingness to receive goods is positive, the spot price is low and rebounded, the willingness of downstream enterprises to replenish goods has increased, the overall transaction is more positive, and the performance is tight
    .

    The performance of Shanghai aluminum is slightly better than that of Lun aluminum, and it has obviously gained support at the 14,000 yuan line, but there are some repetitions
    when stepping into the 14,300 yuan area.
    There are still differences in views on the current aluminum market, which is mainly supported by costs, and the destocking process is still difficult
    when the inventory has reached a high of 2 million tons.

    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.