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Aluminum prices continue to be weak There is pressure above

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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5052 aluminum

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Today's Shanghai aluminum main month 2009 contract opened at 14385 yuan / ton, the highest intraday 14435 yuan / ton, the lowest 14195 yuan / ton, settled 14305 yuan / ton, and closed at 14220 yuan / ton, down 230 yuan
.
Today, Shanghai aluminum continues to be weak, electrolytic aluminum has newly resumed production, inventories continue to increase slightly, and there is pressure
above aluminum prices.

Aluminum prices

Today's Lun aluminum fluctuated at a low level, and the LME three-month aluminum was reported at 1779.
5 US dollars / ton at 15:01 Beijing time, down 3.
5 US dollars, or 0.
20%,
from the settlement price of the previous trading day.

In the spot market, today's spot trading price of Yangtze River was 14440-14480 yuan / ton, down 120 yuan; Guangdong South Reserve reported 14350-14410 yuan / ton, down 100 yuan; Hua reported 14560-14580 yuan / ton, down 110 yuan
.
The enthusiasm of large households to receive goods is general, intermediaries and downstream purchases on demand, and the transaction is
acceptable.

Although spot still maintains a positive basis, the overall level has decreased
significantly from the previous period.
With the rise in prices, the profits of aluminum companies have improved significantly, and the supply is expected to still have an increase in the future, and the upward space of aluminum prices is narrowing, and the short-term off-season may further increase the pressure
on aluminum prices to pullback.
Operationally, it is recommended to temporarily leave the market and wait and see, and the shock is treated
short.

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