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    Home > Chemicals Industry > New Chemical Materials > Global risk aversion heats up Aluminum prices fluctuate around the range as a whole

    Global risk aversion heats up Aluminum prices fluctuate around the range as a whole

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    On Tuesday, the main monthly 1810 contract of Shanghai aluminum opened at 14,685 yuan, with an intraday high of 14,740 yuan and a low of 14,630 yuan, and closed at 14,700 at the end of the day, up 10 yuan / ton
    from the previous trading day.
    The international situation is tense, global risk aversion is heating up, market downstream demand is light, aluminum prices rose slightly during the day, and the shock trend remained unchanged
    in the short term.

    Aluminum prices

    In the external market, the decline in European and American stock markets weighed on investor confidence, intraday aluminum fell under pressure, and the lower support focused on $
    2,000.
    At 15:35 Beijing time, the LME 3-month aluminum was $2,075, down $5 from the previous session
    .

    In terms of the market, the spot trading price of Yangtze River was 14520-14560 yuan / ton, up 30 yuan / ton; Guangdong South Reserve reported 14580-14680 yuan / ton, up 30 yuan / ton; Hua reported 14620-14640 yuan / ton, up 30 yuan / ton; The average domestic spot trading price is between
    14520-14560 yuan / ton.
    Aluminum rose slightly during the day, holders sold at a high price, the month was approaching, the market was mostly traded at a discount in September, middlemen and downstream enterprises were in a wait-and-see mood, maintaining on-demand procurement, and the market transaction was general
    .

    Industry News:

    1.
    Bauxite miner METRO Mining has signed two additional underwriting agreements in 2018 and 2019, with a cumulative output of 780,000 tons
    .
    The company said on Monday that the agreement calls for 580,000 tonnes of bauxite to be delivered in 2018, with the balance left to METRO Mining at its discretion to decide whether to deliver
    this year or next.

    2.
    Ambassador to Guinea Bian Jianqiang went to Bokai Province to inspect the Henan International Bauxite Project and express condolences to the employees
    of the mining area.
    Wang Zhenyu, general manager of Henan International Mining Company, and Wang Xu, general manager of Henan International Guinea Branch, accompanied
    him.

    Shanghai aluminum maintained a volatile market during the day, and the main 1810 contract closed up 0.
    07% at 14700 at the end of the day, up 10% from the previous trading day; Long and short intertwined, short-term is expected to maintain a volatile market, Shanghai aluminum overall around the range of 1.
    45-15,000 fluctuations, lack of favorable promotion, limited rise and fall, but cost improvement and favorable policies to promote, medium-term bullish unchanged; is expected to maintain stable fluctuations in spot aluminum prices
    .

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