echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > July 4 Shanghai aluminum morning review

    July 4 Shanghai aluminum morning review

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, the main force of Shanghai aluminum opened at 14130 yuan / ton, after the early Shanghai aluminum stabbed 14160 yuan / ton, affected by the fall of Lun aluminum, long and short liquidation, Shanghai aluminum shock downward, probing down 14055 yuan / ton, with the high of the US dollar, Lun aluminum rebounded strongly, Shanghai aluminum repaired part of the decline, rose to 14105 yuan / ton and then fell back to close at 14085 yuan / ton
    .
    The trading volume decreased by 124,000 lots to 39,992 lots, and the open position decreased by 2,252 lots to 191,170 lots
    .
    Affected by the Oriental Hope to reduce production, the average lines of each road on the Shanghai aluminum station, with the effect of the reduction of production were digested by the market, the main force of Shanghai aluminum was repaired at a high level, and it is expected to run 14000~14160 yuan / ton
    within the day.
    Spot discount 160~120 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of A00# aluminum was 13850 yuan / ton, up 170 yuan / ton from the previous day, and the discount was 200 yuan / ton compared with the near-month contract.

    In terms of news, on July 1, Xinjiang Dongfang hoped to start to stop production, and 33 electrolyzers were stopped on the same day, and the scale of subsequent shutdown is still uncertain
    .
    On the whole, the increase in electrolytic aluminum production and high inventories have put pressure on aluminum prices, but the frequent environmental protection and capacity reduction policies have boosted market expectations
    .
    It is expected that the short-term shock of the main force of Shanghai aluminum is strong, focusing on the pressure level of 14200
    .

    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.