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Bearish news gathered and Shanghai aluminum suffered a heavy setback

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2112 contract, opening 19780 yuan / ton, the highest intraday 19815 yuan / ton, the lowest 18470 yuan / ton, settlement 19960 yuan / ton, the end of the close to 18680 yuan / ton, down 1280 yuan
.
Today's Shanghai aluminum trend is weak, Russia canceled aluminum export tariffs and increased global aluminum supply, and domestic power shortage concerns have eased, bearish news gathered, Shanghai aluminum suffered a heavy setback
.

Shanghai aluminum

Today's Lun aluminum fluctuated at a low level, and the LME was reported at $2,525 / ton at 15:01 Beijing time for three months, down $28, or 1.
12%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 18620-18660 yuan / ton, down 1310 yuan; Guangdong South Reserve reported 18700-18760 yuan / ton, down 1330 yuan; Hua reported 18680-18720 yuan / ton, down 1300 yuan
.
Today's aluminum prices plummeted, some holders actively adjusted prices to sell, downstream cautious wait-and-see, on-demand stocking, trading is general, the overall transaction is slightly average
.

Industry news, according to foreign media reports, Australian bauxite companies plan to build a new pilot plant in China to produce aluminum
fluoride.
The plant will be initially run by its subsidiary Alcore at 10 tonnes per year in Belbay, and then gradually increase to 600,000 tonnes per year
.

At present, the overseas energy crisis has eased, but the domestic aluminum ingot society continues to accumulate to inhibit the upward trend of aluminum prices, coupled with Russia's announcement of the cancellation of aluminum export tariffs, increasing global aluminum supply, aluminum prices are under pressure downward, spot aluminum or falling
.

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