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Daily review: 19 aluminium prices remain range-bound

by:Deyuan      2020-12-25
International market: the fed's rate cut during the year for the second time in line with market expectations, today's aluminum rose slightly, support on above $1900. Beijing time 15:51, LME3 three-month aluminium 1792. At $5 a day 0. 5 dollars/ton.

the Yangtze aluminum mesh ( alu。 。 cn) Domestic market: today Shanghai aluminum 1911 contracts opened 14200 yuan, main month low intraday high of 14205 yuan, 14095 yuan, in late 14135, the previous trading day down 115 yuan/ton. Worries about demand and slowing economic growth hangs over the commodity market, Shanghai aluminum fell sharply today, is expected in the short term prices or remain range-bound.

the spot market: the Yangtze river the spot transaction price of 14250 - today 14290 yuan/ton, down 70 yuan/ton. Guangdong south store at 14250 - 14350 yuan/ton, down 80 yuan/ton. China reported 14360 - 14380 yuan/ton, down 70 yuan/ton. Stock clinch a deal the average price in 14260 - at home 14300 yuan/ton. Now aluminum fell today, the shipper offer strong, downstream enterprise on-demand procurement, market clinch a deal.

news both at home and abroad:

1, the world metal statistics ( WBMS) According to data released on Wednesday 1-2019 Aluminium market supply of 65 in July. 10000 tons, for the gap in the whole year of 2018, 85. 50000 tons.

2, China henan shenhuo group, said on Wednesday, a spokesman for the company's new yunnan aluminum smelter production date has been delayed, because of poor weather conditions, lead to the aluminum plant construction project delay.

the Yangtze metal extraction solution network telephone: 0592 - 5668838
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