Magnesium alloy/Aluminum alloy/Alloy powder/Rare metal/Rare earth oxides

Changjiang Nonferrous: aluminum prices fell down in April 24th 2023


 CCMN International market comments: Today, aluminum shock weakened, LME three month Quoted:USD2373/ton, compared with the last trading day settlement price down USD29, down 1.23%.

Changjiang Aluminum Network domestic market: Shanghai Aluminum today (18835, -175.00, -0.92%) main month 2306 contract, open 18960 yuan/ton, intraday highest 19030 yuan/ton, the lowest 18820 yuan/ton, yesterday settlement 19010 yuan/ton, the end of the close to 18835 yuan/ton, down 175 yuan, down 0.92%; Shanghai Aluminum main month 2306 contract full day trading volume 198979 reduced 116062 hands, holding 262995 hands reduced 2815 hands. Today, Shanghai aluminum trend is depressed, the day's decline wider, overseas bearish atmosphere, market risk appetite fell sharply, industrial metals fell across the board, stacked Shanghai aluminum terminal actual consumption flat and lack of confidence, short-term Shanghai aluminum high correction, do not rule out further decline adjustment.

CCMN spot market comments: The spot transaction price of Yangtze River today is 18,890-18,930 yuan/ton, down 110 yuan/ton, premium 0-40; Guangdong spot 18980-19040 yuan/ton, down 120 yuan/ton, premium 90-150; Huatong reported 18,930-18,970 yuan/ton, down 130 yuan/ton. Spot market, the delivery of goods for cash increase, oversupply in circulation, receiving goods generally wait-and-see less mining, only a few pressure to receive goods, transaction activity down.

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