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    Home > Chemicals Industry > New Chemical Materials > The overall market received less Aluminum prices are still disturbed by macro sentiment

    The overall market received less Aluminum prices are still disturbed by macro sentiment

    • Last Update: 2022-12-14
    • Source: Internet
    • Author: User
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    On Wednesday, aluminum prices fell, and some bulls flowed out
    .
    Shanghai aluminum volatility weakened, Shanghai aluminum 1902 contract traded at 13630-13775 yuan / ton, the end of the day closed at 13665 yuan / ton, down 0.
    47%
    on the day.
    In the external market, as of 15:15 Beijing time, the three-month Lun aluminum was reported at 1924.
    0 US dollars / ton, down 0.
    13% on the day, and the lower support level focused on 1900.
    0 US dollars / ton
    .

    Aluminum prices

    In terms of the market, the spot price of Shanghai aluminum is concentrated between 13560-13580 yuan / ton, the discount for the contract of the month is between 60-50 yuan / ton, the transaction price of Wuxi is concentrated in 13560-13580 yuan / ton, the transaction price of Hangzhou is concentrated between 13590-13610 yuan / ton, and the mainstream transaction price is nearly 60 yuan / ton compared with the previous day
    .
    The actual purchase volume of Chalco in East China decreased compared with the previous day, the cargo holders were very active, there were many shippers and fewer receivers between traders, the middlemen lacked heat, the downstream basically maintained the rhythm of on-demand procurement, and the overall receipt volume was less
    .

    On the news, the Asian dollar weakened and is now trading around 96.
    876, and US President Trump once again criticized the Fed, saying that given the global economic and political uncertainty, the Fed even considered tightening policy "simply inconceivable"
    .
    On the industry front, Bauxite Australia Limited has confirmed the sale of 30,000 tonnes of bauxite at its Bald Hill bauxite project in Campbelltown, northern Tasmania
    .
    Bauxite Australia has commenced contract negotiations
    for mining, processing and blending at the mine.

    During the day, the Shanghai aluminum shock weakened, the spot market holders shipped very actively, traders between more shipments and less recipients, middlemen trading lack of heat, downstream basically maintain the rhythm of on-demand procurement, the overall receipt of goods is less, the current aluminum price is still disturbed by macro sentiment
    .
    Operationally, it is recommended that the short orders in the early stage of the Shanghai aluminum 1902 contract can be considered to continue to hold
    at 13800 yuan / ton.

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