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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on October 14

    Shanghai aluminum afternoon comment on October 14

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    The favorable boost from Sino-US trade negotiations is limited, and Shanghai aluminum continues its downward trend today, with the main contract running in the range of 1.
    37-13,800, and as of the close at 13735, down 85, or 0.
    62%, from the previous trading day; Today's release of electrolytic aluminum inventory data to return to the inventory status, or limit its downside, Shanghai aluminum below the focus on 13,600 support, bargain hunting can be bought in small quantities; it is expected that tomorrow's spot aluminum decline will slow down, buy
    in batches.

    Shanghai aluminum

    In the spot market, the transaction price in the morning market is concentrated in 13960-13970 yuan / ton, and the market trading is acceptable; Subsequently, the price of the futures fell, affecting the market receiving sentiment, middlemen and downstream processing enterprises were more wait-and-see, the transaction price fell to 13940-13950 yuan / ton, there was a small quotation of 13920 yuan / ton, but the actual transaction was less
    .
    On the whole, the spot circulation of aluminum ingots in South China is general
    .

    On the whole, the profit of electrolytic aluminum is still high, bearish aluminum prices, and it is expected that Shanghai aluminum will operate under pressure within the day, with an operating range of 13600-14000
    .

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