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Aluminum prices strengthened under the external market, and the short-term sentiment disturbance was greater

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2204 contract, opening 21235 yuan / ton, the highest intraday 22100 yuan / ton, the lowest 21235 yuan / ton, settlement 21725 yuan / ton, the end closed at 21960 yuan / ton, up 235 yuan, or 1.
08%.

Today's Shanghai aluminum is strong and volatile, Europe has imposed a new investment ban on Russia, driving energy costs to rise further, and sanctions are expected to increase, pushing up aluminum prices, and in the short term, aluminum prices are stronger
driven by the external market.

Shanghai aluminum

Today's London aluminum shock rebound rushed higher, LME three-month Beijing time at 15:01 at 3338 US dollars / ton, up 40 US dollars, or 1.
20%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 21750-21790 yuan / ton, up 50 yuan; Guangdong South Reserve reported 21770-21830 yuan / ton, up 90 yuan; Hua reported 21800-21840 yuan / ton, up 40 yuan
.
The enthusiasm of the cargo holders is not high, and the downward adjustment is limited, while the receiver has poor demand due to the epidemic, the transaction is relatively light, and the overall transaction is average
.

At present, the domestic interest rate cut in March is expected to be disappointed, the spread of the epidemic has cooled the market risk appetite, and the aluminum price has retraced, but the recent electrolytic aluminum inventory has begun to degrade, and the bottom of the aluminum price is still supported, and it is expected that the current aluminum will not rise or fall much
.

The Russia-Ukraine crisis is still ongoing, and the short-term emotional disturbance is greater; Shanghai aluminum opened the peak season to go to storage, spot premium strengthened, and the rapid outflow of funds, price bottom support strengthened, but the impact of the domestic epidemic and the stock market risk aversion is strong, short-term recommendation to wait and see
.

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