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February 5 aluminum market morning review

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

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Aluminum market morning comment: overnight external aluminum prices followed the domestic strengthening, but the strength of the US dollar inhibited price gains
.
The London Stock Exchange three-month aluminum price closed up 0.
91% at $1994.
5/mt
.

Aluminum City

The new electricity price policy in Inner Mongolia stimulated the Shanghai aluminum night market to continue to strengthen, helping the 2103 contract close above 15440 yuan / ton
.
Spot market inquiries were active in the morning, but trading was limited
.
Holders hold prices, but the willingness of middlemen to receive goods gradually declines, and there are more
downstream wait-and-see.
The mainstream transaction price in Shanghai was around 15,350 yuan / ton, which was basically flat compared with the contract of the month
.
The mainstream transaction price in Guangdong is around 15290 yuan / ton
.

The accumulation of domestic banks before the holiday was still moderate, which fueled the market's optimistic expectations, coupled with the news that Inner Mongolia raised the electricity prices of high-energy-consuming industrial enterprises, and the bullish atmosphere became stronger
.
However, the post-holiday consumption remains to be seen, and the accumulation during the Spring Festival will continue
.
It is not recommended to chase up in the short term, and control risks is the main thing
.

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