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    Home > Chemicals Industry > New Chemical Materials > July 16 aluminum market morning review

    July 16 aluminum market morning review

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the Fed chairman released dovish remarks, overnight outer metals generally strengthened, London Stock Exchange three-month aluminum price as high as 2538 US dollars / ton, but the late day fell back and finally closed at 2511 US dollars / ton, down 0.
    24%.

    The RRR reduction stimulated risk appetite, the domestic night metal rose across the board, and the aluminum market was more affected by supply interference, with the Shanghai main aluminum 2108 contract reaching a maximum of 19,605 yuan / ton, a new high
    since the end of May.
    It finally closed at 19470 yuan / ton
    .

    Aluminum City

    The spot market did not improve in the morning, and the holders were still actively dumping goods, and the downstream wait-and-see was most
    .
    The mainstream trading price in Shanghai is around 19230 yuan / ton, which is about 60 lower than the futures discount
    .
    The mainstream transaction price in Guangdong is around 19250 yuan / ton
    .

    Supply disruption and RRR reduction have boosted the sentiment of funds to go long, but the current off-season consumption has weakened, soaring prices have aggravated the blow to consumption, and policy interventions such as reserve dumping may be increased, chasing the risk of rising
    .
    Therefore, it is not recommended to chase higher
    .

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