 Home > Chemicals Industry > New Chemical Materials > May 23 aluminum market noon review

May 23 aluminum market noon review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

Tags

aluminum containing antacids

aluminum dish pan

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market afternoon comment: the US dollar weakened further, and Lun aluminum closed up 1.
07% the next week; The epidemic still has obstacles to transportation, and the downstream demand season is not strong, but the domestic resumption of production is steadily advancing, favorable policies are promoting, and aluminum may rise
today.

Aluminum City

Last Friday, Lun aluminum rushed back to close Xiaoyang, and opened slightly lower at $2964 today
.
Shanghai aluminum overnight trading rushed back to close Xiaoyang, closing at 20855
.
Shanghai aluminum trading positions fell slightly, and market sentiment was biased towards
neutrality.
The Russia-Ukraine conflict is still fierce and market uncertainty is high
.
The trend of aluminum has improved, and aluminum prices have rebounded
from low levels.
In the medium term, the epidemic situation in Shanghai tends to stabilize, the consumption side improves, and the internal market is expected to rebound
first.
Upper pressure 22000, lower support 19000
.

At present, the rapid release logic of domestic electrolytic aluminum production capacity is gradually being confirmed, and it is speculated from the output and import and export data that the supply of domestic electrolytic aluminum in May will probably exceed the same period
last year.
Demand is gradually recovering, but it remains to be seen whether consumer demand postponed due to
the epidemic can be released centrally in the future.
With the decline in aluminum prices and the compression of smelting profits, whether the resumption of electrolytic aluminum production in Guangxi Province will slow down needs to be focused on
.
In the short term, 19,000 yuan is a support level, and aluminum prices are expected to show a high volatility trend
.

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.

Related Products

Manufacturer Wholesale Fluorescent Brightener 71 CAS 16090-02-1 Optical Brightener Cxt

CAS No.: 16090-02-1

Industrial Grade

$300-350/MT FOB

351# Optical Brightening Agent CBS-X with Environmental Friendly

CAS No.: 27344-41-8

Industrial Grade

$250-300/MT FOB

Fluorescent Whitening Agent CBS-X Fluorescent Brightener Agent CF-351 Optical Brightener CAS 27344-41-8

CAS No.: 27344-41-8

Industrial Grade

$250-300/MT FOB

Hot Tags

jobs united states(236)

united states jobs(223)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

ups united states(221)

announcements today(81)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.