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    Home > Chemicals Industry > New Chemical Materials > Aluminum prices rose intraday volatility, boosted by higher coal prices

    Aluminum prices rose intraday volatility, boosted by higher coal prices

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2112 contract, opening 18895 yuan / ton, the highest intraday 19530 yuan / ton, the lowest 18720 yuan / ton, settlement 18770 yuan / ton, the end closed at 19370 yuan / ton, up 600 yuan, up 3.
    20%.

    The trading volume of the main 2112 contract of Shanghai aluminum decreased by 35,796 lots 281014 lots, and the position volume of 181785 lots decreased by 12,447 lots
    .
    Today's Shanghai aluminum shock higher, intraday coal prices higher boosted aluminum prices, aluminum ingot social library declined, weekly to 06,000 tons, Shanghai aluminum rebounded
    .

    Aluminum prices

    Today, Lun aluminum fluctuated upward, and the LME reported at $2,623 / ton at 15:01 Beijing time for three months, up $45, or 1.
    73%,
    from the previous session's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18770-18810 yuan / ton, up 290 yuan; Guangdong South Reserve reported 18880-18940 yuan / ton, up 280 yuan; Hua reported 18830-18870 yuan / ton, up 290 yuan
    .
    Holders are bullish on upward adjustment of shipments, receivers actively enter the market to inquire, just need to purchase at a low price, the trading atmosphere is better, and the overall transaction is less than yesterday.

    Due to the bright M2 data, the improvement of real estate financing data has warmed the market sentiment, today's stock and commodity markets black and real estate related sharp rebound, coupled with today's social aluminum ingot inventory again destocked, previously dragged by black and coal Shanghai aluminum also out of the rebound
    .

    The impact of the current macro policy on aluminum prices has gradually weakened, and Shanghai aluminum has ushered in a wave of sharp rebound under the return of fundamentals; Short-term domestic consumption has a continuous improvement trend, downstream demand gradually rebounded, social treasury volume also began to decline, the fundamentals are stable and good to form a strong positive promotion for aluminum prices, but in the long run, it is still necessary to observe the stability of market consumption, short-term recommendations continue to pay attention to whether 19,000 can stand firm, the upper pressure level of 20,000, the operation can be purchased on demand, and the spot aluminum continues to fluctuate strongly
    .

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