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September 14 aluminum market morning review

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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aluminum foundry

merit aluminum

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Aluminum market morning comment: With the stability of market sentiment, the price of external metals generally stabilized and rebounded on Friday, while aluminum prices fluctuated repeatedly and closed slightly lower
.
The three-month aluminum price on the London Stock Exchange closed at $1775/ton, down 0.
17%.

Shanghai aluminum rebounded significantly in overnight trading, and the main 2010 contract closed above 14400 yuan / ton
.

Aluminum City

The performance of the spot market in the morning still lacks bright spots, the willingness of holders to cash out is strong, the middlemen buy at the low, and the downstream also tends to low-priced sources, and the mainstream transaction price in Shanghai is around 14590 yuan / ton, which is about 30 premiums compared with futures
.
The mainstream transaction price in Guangdong is around 14700 yuan / ton
.

In the middle of the year, the sales orders of some domestic aluminum processing enterprises increased slightly, but the peak season performance was still not obvious, while the output grew rapidly and the supply pressure tended to increase
.
However, current inventories are still low, and prices still have some support
.
Short-term futures aluminum prices maintain a range-bound trend, and it is recommended to wait and see
.

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