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Overnight aluminum prices fluctuated at a high level, Shanghai aluminum main month 2202 contract, opening 19990 yuan / ton, the highest intraday 20585 yuan / ton, the lowest 19940 yuan / ton, settlement 19870 yuan / ton, the end closed at 20460 yuan / ton, up 590 yuan, up 2.
97%.
Shanghai aluminum is running strongly, the European energy crisis continues to disturb supply, coupled with the two major aluminum plants in Europe have stopped production reduction, multiple benefits to boost market sentiment, while the domestic aluminum ingot social library continues to go to the warehouse, aluminum prices once again refreshed a two-month high
.
In the external market, Lun aluminum rebounded higher after jumping downward overnight, and the LME reported at $2,829 / ton at 15:01 Beijing time for three months, up $17, or 0.
60%,
from the previous session's settlement price.
Domestic electrolytic aluminum social inventory continued to destock, in recent January has been continuously destocked 215,000 tons, this week was a sharp destocking of 65,000 tons; the shortage of natural gas in Europe has led to a surge in natural gas and electricity prices, and the two major aluminum plants have issued news of production cuts and shutdowns in response to the recent outbreak of energy prices in Europe; domestic carbon reduction policies have risen one after another, and the triple benefit has given aluminum prices upward momentum
.
In the short term, electrolytic aluminum is expected to remain at a high level of
volatility.
In terms of the market, the price of processing fees in the mainstream market of aluminum rods today remains stable
.
Today is the last trading day of 2021, most traders are preparing for the year-end holiday, accounting and clearing, and the enthusiasm for shipments is not high
.
The downstream receiving sentiment continued to retreat under the high level of aluminum prices, and the market was actually trading lightly
.
In the short term, the resonance of aluminum prices inside and outside is linked or continued
.
In addition, the support given by domestic destocking is relatively good, and domestic aluminum prices are expected to maintain a high volatility situation in the short term
.
