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April 15 aluminum market morning review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Aluminum market morning comment: the US dollar index continued to weaken, coupled with domestic supply interference concerns, overnight external aluminum prices reached a new high, London Stock Exchange three-month aluminum prices rose 1.
02% to 2328 US dollars / ton
.
Shanghai aluminum night trading strengthened during the same period, and the main 2105 contract closed above 17980 yuan / ton
.

Aluminum City

In the morning, the overall transaction volume of the spot market declined, the downstream fear of heights was obvious, and the willingness of middlemen to receive goods was not strong
.
The mainstream trading price in Shanghai is around 17,760 yuan / ton, which is about 20 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 17830 yuan / ton
.

With the further rise in consumption, the growth rate of production slowed down in stages, domestic inventories advanced, and the aluminum price center was raised
.
However, rumors of production restrictions are yet to be clarified, and the dumping will replenish supply, and prices that rise too quickly also face downstream resistance
.
It is not recommended to chase higher in the short term, and it is recommended to pull back to go long
.

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