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January 26 aluminum market morning review

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

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Aluminum market morning comment: overseas consumption recovery is obvious, spot premium strength has driven futures prices up
.
Overnight external aluminum prices closed higher, and the London Stock Exchange three-month aluminum price closed up 1.
28% to $2020/ton
.
Shanghai aluminum night open high and low, the fluctuation range is not large
.
The main 2103 contract closed slightly below 14935 yuan / ton
.

Aluminum City

In the morning, the overall transaction of the spot market was not good, the enthusiasm for downstream receiving goods declined, and the holders still performed at high prices
.
The mainstream trading price in Shanghai is around 15,000 yuan / ton, which is about 150 higher than futures
.
The mainstream transaction price in Guangdong is around 14960 yuan / ton
.

The seasonal weakening trend of domestic consumption is obvious, although there are not many goods affected by transportation, but the accumulation trend is obvious, and the pressure on prices tends to increase
.
However, as the market is very optimistic about post-holiday expectations, prices may hardly fall
sharply.
Short-term aluminum price volatility is mainly weak, it is recommended to short-term to buy short ideas
.

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