echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > The U.S. index was rebounded by vibration, putting pressure on aluminum prices to pullback

    The U.S. index was rebounded by vibration, putting pressure on aluminum prices to pullback

    • Last Update: 2022-11-28
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    The U.
    S.
    housing market continues to send positive signals, the U.
    S.
    dollar index is rebounded to put pressure on base metal prices, London aluminum fell $29 overnight, positive factors faded, short-term market sentiment returned to cautious, aluminum is expected to fall
    today.

    aluminium

    The steady housing prices in large cities in the United States show that the recovery of the US real estate market is steady, which is expected to boost US economic growth, and the dollar was rebounded overnight to pressure the price of base metals, and Lun aluminum closed down $29, and the latest closing price was $1547, down 1.
    84%; Today's Shanghai aluminum opened low, the current month 1603 contract opened at 11135 yuan, down 5 yuan, 9:20 Shanghai aluminum 1603 contract latest price was 11100 yuan, down 40 yuan; Aluminum has adjustment demand after continuous rise, and it is expected that today's Shanghai aluminum shock consolidation is dominant
    .

    The latest inventory of London Metal Exchange (LME) on the 23rd was 2789150 metric tons, an increase of 7,300 metric tons over the previous trading day's inventory, and the latest inventory of aluminum alloy was 15,600 metric tons, unchanged
    from the inventory of a trading day.

    Yesterday's domestic spot aluminum prices were generally stable, AOO aluminum ingots reported 10970-11010 yuan / ton, the average price was 10990 yuan / ton, up 20 yuan / ton, and the AOO aluminum ingot price in East China of Chalco was reported at 11160 yuan / ton, up 20 yuan / ton; The early favorable speculation is nearing the end, today's Shanghai aluminum or start a pullback, the spot market transaction is limited, it is expected that spot aluminum will fall
    slightly today.

    Global (excluding China) average daily primary aluminium production fell to 69,500 tonnes in January, compared to 69,600 tonnes
    in December 2015, according to the latest data released by the International Aluminium Association.
    Global (excluding China) primary aluminum production in January was 2.
    156 million mt, down from 2.
    159 million mt
    in December, the data showed.
    China's average daily primary aluminum production fell to 80,000 tonnes in January, compared to 81,600 tonnes
    in December 2015.
    China produced 2.
    48 million mt of primary aluminum in January, compared with 2.
    531 million
    mt in December, IAI said.

    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.