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December 16 aluminum market morning review

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

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Aluminum market morning comment: overnight external aluminum prices fell back in shock, and the three-month aluminum price on the London Stock Exchange fell 0.
9% to 2027.
5 US dollars / ton
.
Shanghai aluminum night trading repeatedly fluctuated, the main 2101 contract closed slightly above 16255 yuan / ton
.

Aluminum City

The morning spot market maintained a certain degree of activity, with policies exchanged between the trading and investment sides, and downstream on-demand procurement
.
The mainstream trading price in Shanghai is around 16,550 yuan / ton, which is about 30 premiums over futures
.
The mainstream transaction price in Guangdong is around 16650 yuan / ton
.

At present, domestic consumption maintains a certain degree of resilience, but some terminal consumption is still suppressed under high aluminum prices, and it is expected
to weaken seasonally in the later period.
Short-term low inventories still support prices, but supply continues to increase and pressure increases
.
Short-term aluminum prices or range fluctuations are dominant
.
It is recommended to operate
on the high side.

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