Aluminum prices rose to a high level for three consecutive years, and the premium fell in the next m

Mondo Finance Updated on 2024-01-30

**: Market information.

*: Zhunda Information.

Foshan aluminum: 12 18 South Reserve Foshan aluminum ingots ** 18980-19040 yuan, the average price is 19010 yuan, up 120, up 140 in the month. Today's aluminum prices rose sharply again, the market is still weak, aluminum prices hit a recent high to stimulate holders to actively sell goods to cash out and even some bearish oversold moves, ** in -40 -10, inventory decline but sufficient circulation, the receiver at first lowered the price and wait-and-see, and then began to increase the supply of low ** goods under the expected effect of the premium downgrade, and the transaction margin improved. In the later period, the price of the futures is raised, and the highest is about +70, and individual buyers chase up to make up for the relatively low-priced supply. The spot transaction price is concentrated in 18,970-19,080 yuan, which is -40 70 yuan higher than the average price of Foshan in Nanchu.

Wuxi aluminum: 12 18 Nanchu Wuxi aluminum ingots ** 18880-18920 yuan, the average price is 18900 yuan, up 140, up 30 for the month. Today's East China market continues to weaken, overnight Shanghai aluminum rose sharply in early trading, aluminum prices rushed to a higher level while the delivery data is not good to guide weak demand expectations, the double pressure prompted the holders to ship at high prices, ** from the average price down to -20, the receiver is more afraid of high pressure prices and less mining, especially the business attitude is still flat, lack of market-making momentum, poor trading. In the later part of the market, the holders of the goods were raised, ** up to +60, the market shipments and receipts were less, and some transactions were made. The spot transaction price is concentrated in 18,880-18,960 yuan, which is -20 60 yuan higher than the average price of Nanchu Wuxi.

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