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April 20 aluminum market morning review

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

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silicon aluminum

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Aluminum market morning comment: the US dollar index continued to fall, overnight the external aluminum price closed up again, the London Stock Exchange three-month aluminum price rose to 2330 US dollars / ton
.
Shanghai aluminum fell back overnight, and the main 2106 contract closed at 18140 yuan / ton
.

Aluminum City

In the morning, the overall transaction of the spot market rebounded, and the downstream entered the market to purchase replenishment, and the holders also actively shipped
.
The mainstream trading price in Shanghai is around 18130 yuan / ton, which is about 20 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 18200 yuan / ton
.

Domestic peak season consumption continues to rise, while short-term production growth is difficult to accelerate for the time being, and inventories are accelerating to dematerialize, fueling bullish sentiment
.
This makes the current aluminum price easy to rise and fall
.
However, the risk of chasing is high, and it is necessary to beware of the impact
of speculative long profit understanding and selling reserves after too fast rise.
Therefore, it is not recommended to chase higher, and the pullback is mainly
based on long ideas.

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