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    Home > Chemicals Industry > New Chemical Materials > Brief comment on the aluminum market on November 30

    Brief comment on the aluminum market on November 30

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    On Friday morning, the Shanghai aluminum main 2001 contract opened at 13770 yuan / ton, the opening recorded a long white line, and then the center of gravity gradually rose, the first trading stage due to some short positions to increase pressure, aluminum prices were dragged down hovering at 13815 yuan / ton line, the second trading stage after the opening of Shanghai aluminum gradually broke free from the daily average shackles continue to probe, during the bulls confidence has repaired the position increased, aluminum prices finally tested the intraday high of 13890 yuan / ton at the end of the session, refreshing the high of nearly two weeks, and finally closed at 13885 yuan / ton, up 120 yuan / ton ton, up 0.
    87%.

    Nanchu Foshan aluminum ingot quotation 13920-13980 yuan, the average price of 13950 yuan, up 50 yuan, up 40 yuan for the month, the futures price rebounded, downstream and traders were afraid of heights, holders shipped at a high price, and the trading performance was not ideal
    .
    The mainstream transaction price is concentrated between 13940-13960 yuan, which is -10~10 yuan higher than the average price of Foshan in the South Reserve

    Nanchu Wuxi aluminum ingots quoted 13960-14000 yuan, the average price was 13980 yuan, up 20, and the premium for the month was 70
    .
    Yangtze River: 13980-14020, 14000 up 30
    .
    Shipments of cargo holders are stable, the enthusiasm of receivers to receive goods is improved, and the overall transaction is active
    .
    The spot transaction price is concentrated in 13985-14000 yuan, which is 5~20 yuan higher than the average price of Nanchu Wuxi
    .

    Recently, electrolytic aluminum social stocks continue to fall, this Thursday's inventory fell by more than 40,000 tons compared with last Thursday, approaching the low 700,000 tons mark, suggesting that market consumption is acceptable in the short term, the sharp decline in inventory inhibits short confidence, aluminum prices are strong, it is expected to continue to have limited upside space in the evening, continue to pay attention to long and short positions and changes
    in market trading atmosphere.

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