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February 1 aluminum market morning review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Aluminum market morning comment: The rebound of the US dollar index and the cooling of macro optimistic expectations led to the general surge and retreat of external metals on Friday, and the three-month aluminum price on the London Stock Exchange closed down 0.
23% to $1977 / ton
.
Shanghai aluminum night trading bucked the trend, the market's optimistic expectations for post-holiday consumption triggered buying, the main 2103 contract as high as 15465 yuan / ton, closed at 15160 yuan / ton
.

Aluminum City

The spot market as a whole shows a certain enthusiasm for receiving goods, downstream into the market for stocking, and middlemen also join the procurement ranks
.
The recent decline in arrivals stimulated some purchases
.
The mainstream trading price in Shanghai is around 14980 yuan / ton, which is about 20 higher than futures
.
Guangdong receiving goods is not good, and the mainstream transaction price is around 14960 yuan / ton
.

Accumulation is less than expected and optimistic expectations for post-holiday consumption stimulate the bullish atmosphere, but the accumulation trend during the Spring Festival is difficult to change, and the risk of chasing is high
.
In the short term, it is recommended to wait
and see.

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