Changjiang aluminum price aluWd138slot.ccmnWd138slot.cn essay: us manufacturing contraction hits metal demand in AprilWd138slotOvernight, aluminum tumbled more than 3%.Wd138slotDue to the increase in the inflow of Russian aluminum into China, the hidden worries in the aluminum market have emerged, and the spot demand is weak and difficult to change, and now aluminum may continue to fall.

[aluminum futures market]: the contraction in US manufacturing in April hit demand for metals and destabilized the global metal market. In this context, overnight aluminum prices have been hit hard, plummeting more than 3%, and market confidence has been badly hit. The latest closing price was US $2576 per ton, down US $82, or 3.09%. The trading volume increased by 9712 lots in 36879, while the position in 670346 lots decreased by 1986 lots. Shanghai aluminum concussion softened in the evening, and the intraday trend maintained a weak posture. The latest closing price of the 2406 contract was 20125 yuan / ton, down 250 yuan, or 1.23%.

London Metal Exchange (LME) on April 23, the latest inventory of Lomalco was 497300 metric tons, down 2700 metric tons, or 0.54%, from the previous trading day.

Changjiang Aluminium Network News: April 23 spot aluminum price, Changjiang comprehensive spot A00 aluminum ingot price at 20265 yuan / ton, down 420 yuan; Chinalco East China A00 aluminum ingot price at 20270 yuan / ton, down 420 yuan. The domestic aluminum market is facing many unfavorable factors, among which the pressure of spot oversupply is gradually increasing due to the increase of Russian aluminum inflow into the market. Thus prompting the aluminum market negative hidden worries appear, investors are generally pessimistic about the trend of aluminum prices. On the demand side, the spot demand is weak and difficult to change, and the contraction of the manufacturing industry reduces the demand of downstream enterprises for aluminum, while traders and end-users generally hold a wait-and-see attitude and do not have a strong willingness to purchase. This further aggravates the contradiction between supply and demand in the aluminum city, and it is difficult for the price to obtain effective support. Today, aluminum may continue its downward trend. Operational suggestions, wait and see.

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