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Aluminum prices are expected to show a volatile pattern in the short term

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

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Today's Shanghai aluminum main month 2201 contract, opening 18825 yuan / ton, the highest intraday 19250 yuan / ton, the lowest 18710 yuan / ton, settlement 18830 yuan / ton, the end of the close to 19220 yuan / ton, up 390 yuan, up 2.
07%; The trading volume of the main 2201 contract of Shanghai aluminum increased by 93404 lots 383445 lots, and the position volume of 173991 increased by 3769 lots
.
Today's Shanghai aluminum volatility higher, the recent electrolytic aluminum maintained destocking and in a tight state, boosting aluminum prices upward, but alumina prices weakened, forming a certain drag on aluminum prices, short-term aluminum prices or maintaining a shock trend
.

Shanghai aluminum

Today, Lun aluminum fluctuated to the upside, and the LME was reported at $2,649 / ton at 15:01 Beijing time for three months, up $38, or 1.
46%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18650-18690 yuan / ton, down 90 yuan; Guangdong South Reserve reported 18730-18790 yuan / ton, down 90 yuan; Hua reported 18720-18760 yuan / ton, down 90 yuan
.
Holders are reluctant to sell, the receiving party is bullish and the purchasing willingness is higher, the trading atmosphere is acceptable, and the transaction is mostly at low prices
.

On the macro front, China's November CPI rose 2.
3% year-on-year, 2.
5% expected and 1.
5% in the previous month; China's November PPI rose 12.
9%
year-on-year.
Industrial prices retraced
.
In November, the PPI rose 12.
9% year-on-year, down 0.
6 percentage points from a high level, and turned flat from a 2.
5% increase in the previous month
.
Under the comprehensive impact of tightening liquidity of overseas central banks and falling demand, the PPI between China and the United States is likely to decline
moderately in the future.
The overall maintenance of aluminum prices may be large
.

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