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    Home > Chemicals Industry > New Chemical Materials > The supply side continues to release production Short-term aluminum prices remain volatile

    The supply side continues to release production Short-term aluminum prices remain volatile

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2011 contract opened at 14620 yuan / ton, the highest intraday 14750 yuan / ton, the lowest 14575 yuan / ton, settled 14645 yuan / ton, and closed at 14650 yuan / ton, up 40 yuan
    .
    Today's Shanghai aluminum shock stabilized, the supply side continued to release production, aluminum exports rebounded month-on-month, and short-term aluminum prices remained volatile
    .

    Aluminum prices

    In the external market, today's London aluminum narrow range, LME three-month aluminum Beijing time at 15:01 at 1854.
    5 US dollars / ton, up 1.
    5 US dollars, or 0.
    08%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 14970-15010 yuan / ton, up 20 yuan; Guangdong South Reserve reported 14800-14860 yuan / ton, up 30 yuan; Hua reported 15070-15090 yuan / ton, up 10 yuan
    .
    Cargo holders actively shipped, large households received goods enthusiasm was general, downstream received few goods, and transactions continued to be flat
    .

    Reuters reported that the European Union will impose tariffs
    of 30.
    4% to 48.
    0% on aluminum profiles imported from China during an investigation into whether Chinese aluminum profile manufacturers sell aluminum profiles at unfairly low prices.
    The tariffs, which will be implemented from Wednesday, are temporary, meaning they will remain in place until the end
    of the investigation, which is expected in April.

    Aluminum ingot inventories have recently turned down to support prices, and supply and demand are expected to remain tight
    overall with the arrival of the peak season.
    On the spot front, spot basis has recently rebounded, with expectations of demand recovery and concerns about low inventory levels
    .
    After the gold nine silver ten, the consumption side is expected to maintain a stable trend in the fourth quarter, and the aluminum price may increase again after the recent upswing, and the overall strong operation
    .

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