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February 3 aluminum market morning review

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

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Aluminum market morning comment: overnight external metals were mostly down by the strengthening of the US dollar, aluminum prices ended a four-day losing streak, and the three-month aluminum price on the London Stock Exchange closed up 0.
54% to $1971 / ton
.
Shanghai aluminum night trading opened slightly higher and fluctuated in a narrow range, closing above 14975 yuan / ton
.

Aluminum City

The overall transaction of the morning spot market is general, the downstream on-demand procurement is the mainstay, and the enthusiasm of middlemen to receive goods is not high
.
The mainstream trading price in Shanghai is around 15160 yuan / ton, which is basically flat with futures
.
The mainstream transaction price in Guangdong is around 15150 yuan / ton
.

Although the market is optimistic about post-holiday consumption expectations, the current off-season consumption downward trend is obvious, and the accumulation pressure is rising
.
Short-term aluminum prices may fluctuate
amid optimistic expectations and weaker fundamentals.
In the short term, it is recommended to wait
and see.

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