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Aluminum prices are expected to continue to operate strongly in the short term

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2111 contract, opening at 24680 yuan / ton, the highest intraday 24680 yuan / ton, the lowest 24105 yuan / ton, settlement 24310 yuan / ton, the end closed at 24340 yuan / ton, up 30 yuan
.
Today's Shanghai aluminum rushed back to the rebound after the rebound, power restrictions and production restrictions affect the operation of the entire aluminum industry chain, superimposed aluminum prices are high, the supply side continues to tighten, the downstream operating rate continues to decline, short-term aluminum prices are expected to continue to run
strongly.

Shanghai aluminum

Today, Lun aluminum fluctuated in a narrow range, and the LME was reported at $3205 / ton at 15:01 Beijing time for three months, up $35, or 1.
10%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 24220-24260 yuan / ton, up 150 yuan; Guangdong South Reserve reported 24210-24270 yuan / ton, up 150 yuan; Hua reported 24270-24310 yuan / ton, up 140 yuan
.
Holders actively liquidate and dump goods to realize cash, the receiver still undermines prices and less mining, the demand is general, the trading atmosphere is weak, and the overall transaction is weak
.

Domestic energy consumption dual control continued to lead to a decline in production, aluminum production in September fell for the fifth consecutive month, but in September aluminum imports rose month-on-month, superimposed on the weakening of downstream procurement stocks, electrolytic aluminum social inventory quickly accumulated again, aluminum prices above pressure, spot aluminum prices or slightly reduced
.

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