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December 18 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 hit a new low, and the original controller of RUSAL was accused of still controlling the group, the market was worried that Rusal may be sanctioned again, and the three-month aluminum price on the London Stock Exchange rose to 2096 US dollars / ton, and then fell back and closed at 2066.
5 US dollars / ton, up 1.
97%.

Shanghai aluminum night trading was also strong, with the main 2101 contract closing above 16640 yuan / ton
.

Aluminum City

The overall trading performance of the spot market in the morning was stable, and the transaction fell
as the price rose.
Downstream on-demand procurement is the mainstay
.
The mainstream trading price in Shanghai is around 16,750 yuan / ton, which is about 270 premiums over futures
.

At present, the macro continues to provide momentum, coupled with low inventory support, stimulating the strengthening of aluminum prices
.
However, the risk of a pullback after the surge increased, due to the expectation of weakening consumption in the later period
.
Short-term recommendations are mainly wait-and-see, and it is not recommended to chase higher
.

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