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December 15 aluminum market morning review

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

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Aluminum market morning comment: the US dollar index weakened, overnight aluminum prices rebounded, London Stock Exchange three-month aluminum prices closed at 2047.
5 US dollars / ton, up 0.
76%.

Shanghai aluminum traded in a narrow range overnight, and the main 2101 contract closed at 16305 yuan / ton
.

Aluminum City

In the morning spot market, trading was relatively positive, holders showed a certain willingness to raise prices, middlemen received goods unabated, and a small amount of replenishment
downstream.
The mainstream trading price in Shanghai is around 16,640 yuan / ton, which is about 100 premiums over futures
.
The mainstream transaction price in Guangdong is around 16780 yuan / ton
.

At the end of the year, the domestic primary aluminum market consumption has not weakened significantly, the current explicit inventory continues to be low, aluminum prices still have some support, but supply pressure tends to increase, prices above pressure, shortage or range shock
.
With the weakening of consumption enthusiasm in the later period, the price center of gravity is expected to shift
downward.
Operationally, it is recommended to operate
at a high altitude and in the air.

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