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December 3 aluminum market morning review

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

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Aluminum market morning comment: overnight external metals generally closed down, but the expected rise in US stimulus policy limited price decline
.
The three-month aluminum price on the London Stock Exchange still rose 0.
12% to $2061/ton
.
Shanghai aluminum night trading followed the pullback of other metals, and the main 2101 contract closed below 16625 yuan / ton
.

Aluminum City

The overall transaction volume of the spot market decreased slightly, shipments were positive, and the popularity of receiving goods declined
.
The mainstream trading price in Shanghai is 17,080 yuan / ton, which is about 120 higher than futures
.
The mainstream transaction price in Guangdong is around 17110 yuan / ton
.

Towards the end of the year, domestic consumption maintained a certain degree of resilience, but the excessive aluminum price also had a significant inhibitory effect
on consumption.
At present, because the explicit inventory is still declining, the pattern of tight spot supply has not been significantly alleviated, which maintains some support
for prices.
However, the sustainability of consumption remains to be seen
.
Short-term recommended callbacks are mainly operations
.

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