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Aluminum prices will maintain a short-term upward trend and will continue to hit a record high

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2110 contract, opening 22400 yuan / ton, the highest intraday 22890 yuan / ton, the lowest 22365 yuan / ton, settlement 22240 yuan / ton, the end of the close to 22670 yuan / ton, up 430 yuan
.
Today, Shanghai aluminum continues to be strong, the supply side is constantly disrupted, the social low inventory state is still there, and the demand for new energy and photovoltaic industries is strong, and aluminum prices will maintain a rising trend in the short term and will continue to hit a record high
.

Aluminum prices

Today's London aluminum is strongly volatile, LME three-month Beijing time at 15:01 at 2872 US dollars / ton, up 36 US dollars, or 1.
25%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22640-22680 yuan / ton, up 430 yuan; Guangdong South Reserve reported 22690-22750 yuan / ton, up 390 yuan; Hua reported 22680-22720 yuan / ton, up 420 yuan
.
Holders actively adjust prices and shipments, and the receiving party is afraid of high and less mining, the transaction situation is not good, and the overall transaction is small
.

In terms of news, the domestic market again spread the news of production restrictions, Guizhou, Guangxi, Xinjiang increased production restrictions, and the previous electrolytic aluminum production capacity affected by the dual control of energy consumption and lack of electricity has not yet been restored, so that the release of production capacity continues to be disturbed, aluminum ingot social library is still declining, strong support for aluminum prices, now aluminum or rise
.

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