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January 15 aluminum market morning review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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aluminum hydroxide

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Aluminum market morning comment: overnight external aluminum prices weakened, London Stock Exchange three-month aluminum prices closed down 0.
3% to 2008 US dollars / ton
.
Shanghai aluminum opened low and went higher overnight, and the main 2103 contract closed above 14870 yuan / ton
.

Aluminum City

Spot market transactions rebounded, downstream procurement willingness increased, and holders were slightly reluctant to sell
.
The mainstream trading price in Shanghai is around 14,780 yuan / ton, which is about 20 higher than that of futures
.
The mainstream transaction price in Guangdong is around 14800 yuan / ton
.

Consumption weakened in the off-season, but the market was optimistic about post-holiday expectations, and pre-holiday stocking provided some support
to prices.
However, under the pressure of weakening fundamentals, rising inventories and high profits, the downward trend of the price center of gravity is difficult to change
.
Operationally it is recommended to rebound short
.

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