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Inventory accumulation superimposed on weak consumption Shanghai aluminum weak operation

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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ton coal

alon aluminum

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Today's Shanghai aluminum main month 2112 contract, opening 20,000 yuan / ton, the highest intraday 20,360 yuan / ton, the lowest 19,200 yuan / ton, settlement 20,780 yuan / ton, the end of the close to 19,920 yuan / ton, down 860 yuan
.
Today's Shanghai aluminum weak shock, domestic policy continued to exert pressure, thermal coal fell to drag down aluminum prices, while aluminum inventories in many places due to the increase in arrivals and accumulation of inventory, superimposed consumption is still not improving, short-term aluminum prices are weak
.

Shanghai aluminum

Today, Lun aluminum jumped back after the downward shock, and the LME was reported at $2,682 / ton at 15:01 Beijing time for three months, up $17, or 0.
62%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19320-19360 yuan / ton, down 1130 yuan; Guangdong South Reserve reported 19310-19370 yuan / ton, down 1150 yuan; Hua reported 19370-19410 yuan / ton, down 1140 yuan
.
Holders actively adjusted prices and shipments, receiving parties were bearish and wait-and-see, continued to reduce prices and less mining, and the trading atmosphere was not
good.

Aluminum consumption performance is not good recently, due to the high price in the early stage has a certain inhibitory effect on consumption, the output of aluminum ingots and aluminum rods in September is low, domestic social inventory continues to accumulate, superimposed aluminum ingot social library to rise to a neutral level of 970,000 tons, spot aluminum prices or plunge.

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