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    Home > Chemicals Industry > New Chemical Materials > December 27 aluminum market morning review

    December 27 aluminum market morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Today's LME market continues to close, last Friday night market outside the aluminum market under pressure continued to fall, of which 3 months Lun aluminum slightly fell 0.
    52% to 1715 US dollars / ton, the current Lun aluminum but not completely fell below the high oscillation platform that lasted for nearly seven weeks, the technical performance is slightly stronger than Shanghai aluminum, and the technical support below is concerned about 1700 US dollars / ton
    .

    Aluminum City

    Industry information: On December 26, SMM statistics domestic electrolytic aluminum spot inventory, Shanghai 90,000 tons, Wuxi 112,000 tons, Hangzhou 40,000 tons, Gongyi 25,000 tons, South China Sea 77,000 tons, the total inventory of the five places 344,000 tons, an increase of 13,000 tons from last Thursday

    Market: On December 26, Shanghai aluminum trading concentrated 12560-12570 yuan / ton, the monthly premium was 40-50 yuan / ton, Wuxi transaction concentration was 12540-12570 yuan / ton, Hangzhou transaction concentration was 12530-12550 yuan / ton
    。 Near the end of the month, the current month's bills have demand, the difference between the current month's ticket and the next month's fare is about 20 yuan / ton, today is the last delivery day of the long order, the arrival of aluminum ingots this week is reduced, coupled with the transportation problems in Xinjiang a few days ago will affect the subsequent arrival of aluminum ingots this week, the market circulation is scarce, the middleman is low in a small amount of stocking, the demand of downstream enterprises is weak, on-demand procurement, and the overall transaction shows a phenomenon of supply and demand
    .

    In terms of inventory: as of December 23, LME aluminum stocks reported 2150025 tons, an increase of 32,525 tons or 1.
    53% from last week; In the same period, the aluminum inventory in the previous period was reported 100257 tons, an increase of 4,061 tons per week, an increase for three consecutive weeks, far lower than the average inventory value of 200,000 tons
    during the year.

    Overnight, the main oscillation of Shanghai aluminum stabilized to 12635 yuan / ton, and after the short-term aluminum price continued to fall, it faced technical support below, M200, that is, 12500 yuan / ton
    .
    Short-term operation needs to be cautious, it is recommended that the Shanghai aluminum 1702 contract can be backed above 12500 yuan to bargain long, the entry reference around 12600 yuan, the target of 12800 yuan
    .

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