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April 27 aluminum market morning review

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

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Aluminum market morning review: strong consumption expectations and weak US dollar stimulate external metals to continue their strength.

Overnight, the three-month aluminum price on the London Stock Exchange reached a new high, rising 1.
48% to $2404 / ton
.
The Shanghai aluminum night market followed the strengthening, and the gap opened high and oscillated
at a high level.
The main 2106 contract closed above 18485 yuan / ton
.

Aluminum City

In the morning, the overall transaction in the spot market was suppressed, and the holders were active in shipments, but the downstream replenishment was not strong
.
The mainstream transaction price in Shanghai is around 18,350 yuan / ton, which is about
40 percent lower than the climate.
The mainstream transaction price in Guangdong is around 18410 yuan / ton
.

At present, the strong expectation of overseas economic recovery resonates with the rise in domestic peak season consumption, and the domestic supply suppression expectations due to carbon peaking, etc.
, driven by multiple drivers, short-term aluminum prices remain strong
.
However, it is necessary to be wary of the risk of pullbacks, and it is recommended to maintain the pullback to do long
.

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