echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on October 21

    Shanghai aluminum afternoon review on October 21

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight, Shanghai aluminum main 1912 contract opened a wave of bears quickly fled, Shanghai aluminum gap opened at 13765 yuan / ton, but the upper 40-day moving average pressure is strong, and then slightly softer, in the 13770 yuan / ton a narrow range of oscillation, closed at 13770 yuan / ton, the volume decreased 86600 hands to 43044 hands, the position increased by 6414 hands to 247,000 hands, closed at the small white line, the center of gravity fell from the previous day, fell below the 5/10 daily moving average
    。 Overnight Shanghai aluminum trend is weak, failed to recover all the decline in the day, began to reproduce the previous weak posture, is expected to operate between 13700-13820 yuan / ton today, spot premium between 60-100 yuan / ton
    .

    Shanghai aluminum

    The price of AOO aluminum ingots in East China was reported at 14,030 yuan / ton, up 40 yuan
    .
    China's GDP growth in the first three quarters slowed down slightly to 6.
    2%, but still within the annual expected target range of 6%-6.
    5%, the added value of industries above designated size in September was better than expected, market sentiment has picked up, it is expected that Shanghai aluminum is strong today, spot aluminum prices or a slight rise
    .

    China's economic growth slowed to the lowest level in 30 years in the third quarter, and market sentiment became more cautious, Shanghai aluminum fell under pressure today, and the market is expected to continue to be volatile
    in the future.

    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.