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    Home > Chemicals Industry > New Chemical Materials > December 31 aluminum market morning review

    December 31 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, pushing up the price of aluminum in the external market
    .
    Overnight, the London Stock Exchange three-month aluminum price closed up 0.
    68% at $1995 / ton
    .
    Shanghai aluminum night trading first rose and then suppressed, and the fluctuation range was limited
    .
    The main 2102 contract closed slightly above 15505 yuan / ton
    .

    Aluminum City

    The morning spot market is still flat, and holders are still actively shipping, but year-end closing has caused middlemen and traders to basically make few purchases, and a small amount of downstream stocking
    .
    The mainstream trading price in Shanghai is around 15,740 yuan / ton, which is about 80 higher than futures
    .
    The mainstream transaction price in Guangdong is around 15800 yuan / ton
    .

    The market has strong expectations for the Spring Festival consumption off-season, but the current inventory is still low and futures warehouse receipts continue to decline, and the overall weakening of current consumption is not obvious
    .
    Under the short-term low inventory and off-season expectations, aluminum prices are mainly volatile
    .
    It is recommended to wait and see
    .

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