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    Home > Chemicals Industry > New Chemical Materials > January 13 aluminum market morning review

    January 13 aluminum market morning review

    • Last Update: 2022-12-04
    • Source: Internet
    • Author: User
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    Overnight, the external aluminum market continued to rise strongly, and the rise further expanded, for the seventh consecutive day of rise, of which 3-month Lun aluminum rose 1.
    82% to 1789 US dollars / ton, the daily closing price is close to the high point since May 19, 2015, but after the short-term aluminum price continues to rise, facing the demand
    for technical correction.

    Aluminum City

    Industry information: Indonesia eases the ban on the export of nickel ore and bauxite, allowing the export of concentrates
    such as nickel ore and bauxite.

    Market: On January 12, Shanghai aluminum trading concentrated 12800-12820 yuan / ton, the discount for the month was 70-50 yuan / ton, Wuxi transaction concentration was 12800-12820 yuan / ton, Hangzhou transaction concentration was 12770-12800 yuan / ton
    .
    Holders are actively selling at high prices, the difference between spot and the next month is about 100 yuan / ton, the opening of the selling period buying space prompts middlemen to find low-priced sources of goods actively, supply and demand sides show a tug-of-war, the period aluminum fell before noon, downstream enterprises fear the decline and wait and see mood breeds, the overall transaction is worse
    than yesterday.

    Inventory: As of January 12, LME aluminum stocks reported 2248875 tons, a sharp increase of 5,100 tons per day; In the same period, the aluminum inventory in the previous period was reported at 104537 tons, a weekly increase of 3,815 tons, the highest point since September 14 last year, which is a five-week increase, but far below the average inventory value of 200,000 tons
    during the year.

    The main contract of Shanghai aluminum closed strongly at 13,440 yuan overnight, outperforming other base metals
    .
    Aluminum prices have risen 7.
    43% this week, partly boosted by the rise in ferrous metals and the decline in the US dollar index
    .
    In terms of operation, it is recommended that the Shanghai aluminum 1703 contract can be backed above 13100 yuan to bargain more, and the entry reference is around 13300 yuan, and the target is 13600 yuan
    .

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