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    Home > Chemicals Industry > New Chemical Materials > January 10 Shanghai aluminum afternoon commentary

    January 10 Shanghai aluminum afternoon commentary

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum main 2003 contract opened at 13995 yuan / ton, in the evening due to the improvement of the macro atmosphere, long positions increased to push up aluminum prices to probe 14085 yuan / ton and then hovered slightly nearby, closing at 14060 yuan / ton, up nearly 80 yuan / ton, yesterday long positions increased by more than 5,000 hands, the position was around 109,000 hands, the trading volume decreased by 18637 hands to 21810 hands, closed at the small white line, the daily KDJ three lines are facing up, and it is expected to run between 14000-14100 yuan / ton today, The liter discount is between
    20-liter 20 yuan / ton.

    Shanghai aluminum

    The price of Chinalco East China AOO aluminum ingots was 14490 yuan / ton, up 10 yuan
    .
    The current fundamentals have not changed much, aluminum ingot social inventory inflection point has arrived but growth is limited, Lun aluminum inventory has continued to decline recently, macro Sino-US trade relations are good, the first phase of the agreement is about to land, it is expected that the trend of Shanghai aluminum is strong, today's spot aluminum price or slightly followed
    .

    Domestically, SMM reported that the social inventory in the five places did not increase on Thursday, which re-triggered the enthusiasm for the squeeze, the 01-03 price spread widened to 440 yuan / ton, and the spot premium fell back to 70 yuan / ton
    .
    At present, the high smelting profit of 1300 yuan / ton is difficult to maintain for a long time, but the social inventory has not accumulated significantly, starting next week, the accumulation rate of social inventory will accelerate, and the aluminum price will fall back before the Spring Festival, but the room for decline is limited
    .

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