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December 24 aluminum market morning review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Aluminum market early comment: European electricity prices have not stopped, European aluminum smelters continue to report production cuts, and external aluminum prices continue to rise
.
The London Stock Exchange three-month aluminum price rose 0.
92% to $2848/mt
.
Shanghai aluminum opened low and went higher overnight, and the main 2202 contract closed at 20255 yuan / ton
.

Aluminum City

The trading activity of the spot market in the morning has increased, mainly middlemen and traders, and the downstream receiving goods are general
.
The mainstream trading price in Shanghai is around 20,060 yuan / ton, which is about 170 lower than the futures
.
The mainstream transaction price in Guangdong is 20160 yuan / ton
.

The European energy crisis continues to ferment, causing the problem of rising electricity to become more serious, and aluminum smelters are losing money
.
However, there has not been a large-scale reduction in production, and Rusal has new production capacity, which will supplement market supply
.
The short-term market is still dominated by European energy issues, and aluminum prices remain strong
.
However, the domestic consumption season has gradually entered the off-season, and the resumption of production has also begun to advance, inhibiting the continuous upward trend
of prices.

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