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April 9 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 weakened, overnight external metals mostly rose, London Stock Exchange March aluminum price rose 1.
15% to 2285.
5 US dollars / ton
.
Shanghai aluminum overnight trading narrow range, the main 2105 contract closed slightly above 17540 yuan / ton
.

Aluminum City

In the morning, spot market transactions fell with rising prices, and holders actively shipped and downstream purchased
on demand.
The mainstream trading price in Shanghai is around 17480 yuan / ton, which is about 30 lower than the futures discount
.
The mainstream transaction price in Guangdong is around 17510 yuan / ton
.

Domestic consumption in the peak season is generally good, and explicit stocks are dematerialized
.
However, the momentum is relatively slow, the downward transmission of prices is still subject to certain resistance, and the impact of the lack of cores in the automobile market is becoming more and more obvious, which makes the short-term aluminum price impulse insufficient, and the market is still afraid of selling reserves
.
It is difficult for short-term aluminum prices to get out of the volatile trend for the time being, and it is recommended to maintain the pullback and do long
.

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