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Brief review of the aluminum market on December 4

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Overnight Shanghai aluminum night trading repeatedly oscillated, the end of the day still closed above 13985 yuan / ton
.
In the morning, the overall transaction of the spot market was relatively flat, the price rose sharply, and the holders actively shipped, the middlemen showed hesitation, and the downstream obviously waited and watched
.
The mainstream trading price in Shanghai is around 14110 yuan / ton, which is about 70 higher than the futures
.

Negatively affected by the rise in risk aversion triggered by the US tariff stick, overnight the external metal generally fell, and aluminum prices once showed firmness, but then it was inevitable to fall
sharply.
The London Stock Exchange three-month aluminum price closed down 1.
31% at $1768 / ton
.

Due to the earlier Spring Festival, the current domestic consumption is generally better than expected, while production has not recovered due to production capacity delivery is not as expected, and inventories continue to decline, which has some support
for short-term aluminum prices.
However, as production capacity continues to be released, supply will increase, coupled with the current United States stirring up trade tensions again, curbing the rise in aluminum prices
.
In operation, it is not recommended to chase long unilaterally, you can consider buying near and selling long strategies
.

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