 Home > Chemicals Industry > New Chemical Materials > November 4 Shanghai aluminum afternoon review

November 4 Shanghai aluminum afternoon review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

Tags

dextrose 50 water

high low thermometer

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

Shanghai aluminum rose slightly overnight, with the main force of Shanghai aluminum 2212 closing at 18100 up 80, and LME March aluminum closing at 2261 up 11; In terms of spot, SMM East China Aluminum reported 18250 up 270 liters of water 20 up 10, Foshan Nanchu Aluminum reported 18580 up 350; The spot performance is still strong, Foshan holders are selling at a high price, Wuxi quotes an average price of 20, and Foshan offers a premium of 50 to 90
.

Shanghai aluminum

On the news, the Fed raised interest rates by 75 basis points as scheduled to 3.
75%-4.
00% range, for four consecutive rate hikes of 75 basis points, this year has raised interest rates by a total of 375 basis points, the Fed said that the December meeting may narrow the range of interest rate hikes, but the suspension of interest rate hikes is too hasty, affected by this the market first rose and then suppressed, the dollar rose, U.
S.
stocks fell, due to excessive market trading to cut interest rates, slow down interest rate hike activities; Gongyi Station was again suspended for one week to 10 days
.

The metal inventory level is low, the structure is strong, the spot performance of Shanghai aluminum in recent days is strong, the price support is better, but the recession pressure is greater, the market confidence is insufficient, and the upward resistance is greater; The short-term Fed raised interest rates as scheduled, but the positive was less than expected, the dollar trend was strong, and metals were under pressure
.
It is expected that the price trend of Shanghai aluminum will remain volatile, and it is recommended to wait and see
in the short term.

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.