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February 26 aluminum market morning review

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

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Aluminum market morning comment: overnight the external capital market fluctuated sharply, and U.
S.
stocks fell, causing sharp fluctuations in commodity prices, but the external aluminum price still closed up, which was affected by domestic prices to some extent
.
The London Stock Exchange three-month aluminum price rose 0.
7% to $2218.
5/mt
.
Shanghai aluminum night trading rose again, but then retreated
.
The main 2104 contract peaked at 17695 yuan / ton, closing at 17470 yuan / ton
.

Aluminum City

The overall transaction of the spot market in the morning was weak, and the soaring aluminum price obviously inhibited the enthusiasm for buying, and the downstream was mostly wait-and-see
.
The mainstream trading price in Shanghai is 17520 yuan / ton, and the discount to futures is about
50.
The mainstream transaction price in Guangdong is around 17490 yuan / ton
.

Although the accumulation is still not over, the accumulation volume is not large, and the optimistic expectations of consumption have not changed, and the support for prices is still strong
.
However, there should also be a short-term risk
of pullback.
It is not recommended to chase high in the short term, and it is mainly
based on low prices.

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