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    Home > Chemicals Industry > New Chemical Materials > After the surge in the new real estate policy, aluminum prices continued to fluctuate and fall

    After the surge in the new real estate policy, aluminum prices continued to fluctuate and fall

    • Last Update: 2022-11-28
    • Source: Internet
    • Author: User
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    In the last trading day, the average price of Yangtze River nonferrous aluminum rose 20 to 10980, and the average price of nonferrous aluminum in the South China Sea rose 10 to 11250
    .
    Shanghai aluminum spot monthly contract 1603 opened at 11145, the highest 11220, the lowest 11095, closed at 11150, up 35 or 0.
    31%.

    Lun Aluminum Electric 3 opened at 1574.
    00, with a high of 1582.
    00, a low of 1542.
    50 and a close of 1547.
    00, down 28.
    50 or 1.
    81%.

    The dollar index opened at 97.
    38, with a high of 97.
    58, a low of 97.
    14 and a close of 97.
    45, up 0.
    08 or 0.
    08%.

    LME aluminium stocks increased by 7,300 tonnes to 2789150 tonnes
    .
    The aluminium warehouse receipts in the previous period decreased by 543 tons to 210403 tons
    .

    Shanghai aluminum

    News: 1.
    The total number of existing home sales in the United States in January was 5.
    47 million annualized, the fastest sales rate since July last year, and 5.
    32 million were expected, compared with 5.
    46 million in the previous value revised to 5.
    45 million
    .
    Total U.
    S.
    existing home sales in January were 0.
    4% annualized m/m vs -2.
    5% expected versus 12.
    1% in the previous month of 14.
    7
    %.

    2, Kansas Fed President George: The strengthening of the dollar hinders manufacturing
    .
    Developments in the global situation have prompted policymakers to make good assessments
    .
    Fed policymakers should be prepared to consider raising interest rates in March, even if financial markets have been volatile
    recently.
    Inflation expectations remain fairly stable
    .
    Negative interest rates
    in the United States are not being considered.
    It is likely that the FOMC will discuss the above rate hike in March
    .
    The data did not suggest a change in the outlook since December 2015, and it is too early
    to tell whether market volatility has changed the economic and inflation outlook.
    Inflation is stable and there is no fear of deflationary risks
    .

    3.
    Major ministries and commissions have launched supply-side structural reforms
    .
    These policies mainly focus on steel and coal capacity reduction, real estate destocking, continuous burden reduction for enterprises through decentralization, and the implementation of a new round of rural power grid transformation to make up for shortcomings
    .
    However, there are more specific policies for supply-side reforms that are expected to be introduced
    in the first half of the year.

    4.
    The official website of the Ministry of Housing and Urban-Rural Development published an article in the headline position on the homepage, saying, (1) It is necessary to carefully and comprehensively understand the two words "gradually": not "one-size-fits-all", "gradual" means there are priorities; It cannot be simply understood as "tearing down walls"
    .
    (2) In the process of formulating the measures, the opinions of
    the public must be heard.
    (3) Properly handle all kinds of interest relationships and residents' demands in accordance with laws and regulations, and truly protect the legitimate rights and interests of
    residents.

    Today's aluminum price analysis: After the continuous speculation of the new real estate policy soared, the base metal overall continued to fluctuate overnight
    .
    Lun aluminum fell below 1550, and Shanghai aluminum followed the decline
    .
    Short-term adjustment
    continues.
    Today's aluminum prices are expected to fall or be flat, for reference
    only.

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