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Aluminum prices are weak and volatile Post-holiday consumption is in the recovery stage

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2104 contract opened at 16630 yuan / ton, the highest intraday 16820 yuan / ton, the lowest 16520 yuan / ton, settled 16640 yuan / ton, and closed at 16630 yuan / ton, down 80 yuan
.
Today's Shanghai aluminum is weak and volatile, the country has entered the accumulation cycle, social inventory will continue to increase, suspended enterprises have not resumed work, aluminum prices are under pressure
.

Aluminum prices

Today, LME three-month aluminum was quoted at $2,149 / ton at 15:00 Beijing time, down $5, or 0.
23%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 16720-16760 yuan / ton, down 30 yuan; Guangdong South Reserve reported 16710-16770 yuan / ton, down 40 yuan; Hua reported 16830-16850 yuan / ton, down 40 yuan
.
The circulation supply is abundant, the enthusiasm of large households to receive goods is general, and the transaction activity is average
.

Industry news, recently, as a key investment attraction project of Jiayuguan City's 2020 local enterprise cooperation, Jiayuguan Mingxiang Aluminum Co.
, Ltd.
's 150,000-ton high-end industrial aluminum rod project was put into operation, and the first aluminum rod
was successfully launched.

At present, post-holiday consumption is in the recovery stage, the follow-up is expected to be good, the macro environment continues to improve, the accumulation range of aluminum ingots does not exceed market expectations, the trend of aluminum after the holiday has strong support, and continue to pay attention to the fluctuations of the domestic supply and demand mismatch market after the Spring Festival
.
It is recommended that the range be more involved, and pay attention to the opportunity to start construction after the holiday
.

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