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December 11 aluminum market morning review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Aluminum market morning comment: the EU large-scale stimulus plan was approved, boosting market confidence, overnight external metal rose, the highest value of the three-month aluminum price on the London Stock Exchange was 2066.
5 US dollars / ton, closing at 2047 US dollars / ton, up 0.
47%.

Shanghai aluminum night trading also rose, the main 2101 contract as high as 16595 yuan / ton, closed at 16490 yuan / ton
.

Aluminum City

In the morning, the spot market maintained a certain degree of activity, with holders holding prices higher, and middlemen and downstream receiving goods
normally.
The mainstream trading price in Shanghai is around 16630 yuan / ton, which is about 160 higher than futures
.
The mainstream transaction price in Guangdong is around 16660 yuan / ton
.

Domestic economic data continues to improve, vaccines and overseas economic stimulus expectations have boosted market optimism, and the current domestic primary aluminum market demand overall remains stable, explicit inventory remains low, which makes the shortage of aluminum prices maintain a certain strength, but aluminum prices are too high on consumption also has a significant inhibitory effect, superimposed supply continues to increase, aluminum prices are difficult to return to the previous high
.
It is recommended to have a high moon contract
.

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