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Today's Shanghai aluminum main month 2105 contract opened at 17330 yuan / ton, the highest intraday 17490 yuan / ton, the lowest 17295 yuan / ton, settled 17385 yuan / ton, and closed at 17345 yuan / ton, down 105 yuan
.
Today's Shanghai aluminum trend is weak, the domestic destocking cycle has begun, the second quarter destocking or faster than previous years, fundamentals are still supported, aluminum prices have limited space for correction
.
Today, LME three-month aluminum opened low and went low, LME three-month aluminum Beijing time at 15:01 at 2260.
5 US dollars / ton, down 24.
5 US dollars, or 1.
07%,
from the previous trading day's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 17300-17340 yuan / ton, down 80 yuan; Guangdong South Reserve reported 17300-17360 yuan / ton, down 60 yuan; Hua reported 17430-17450 yuan / ton, down 50 yuan
.
Traders want to lower prices, large households are generally enthusiastic about receiving goods, and trading performance is not good
.
Industry news, recently, the "Yunnan Hongtai Phase II Project" undertaken by Qiye Construction Group, constructed by Qiye Installation Company and invested by Yunnan Hongtai New Materials Co.
, Ltd.
officially started
.
After the completion of the whole plant, an annual production capacity of 2.
0278 million tons of primary aluminum will be formed, and the product plan is: an annual output of 900,000 tons of aluminum ingots for remelting, and the remaining aluminum processing enterprises
will be sold in the form of molten aluminum.
The fundamentals are in the stage of divergence between expectations and the present, that is, the expected peak season has not been realized by the market, the downstream performance of high-priced aluminum has not exceeded expectations, and the transmission is not smooth
.
However, the downstream of the peak season is also caught in the market, and there is a situation
where it has to be purchased at a high price.
Under the game between funds and entities, aluminum prices may enter a wide range of shock sorting stage, paying more attention to indicators such as downstream processing fees and social inventory
.
In addition, the Suez Canal accident has become a catalyst point in the second half of the week, and the blocking time has exceeded expectations, for aluminum, there are concerns about the delivery of primary aluminum in the Middle East, and there are also concerns about the export of aluminum products to the Middle East, which may not be all now
profitable.