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January 27 aluminum market morning review

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

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Aluminum market morning comment: The weakening of the US dollar index and the strengthening of spot stocks stimulated the external aluminum price to rise for several days, and the three-month aluminum price on the London Stock Exchange closed up 0.
15% to $2023 / ton
overnight.
Shanghai aluminum opened slightly higher in the night session, and then fluctuated
in a narrow range.
The main 2103 contract closed above 14880 yuan / ton
.

Aluminum City

The overall trading of the spot market is obviously weakening, and the holders are active in shipping, but the enthusiasm of middlemen is not high, and a small number of goods
are received downstream.
The mainstream trading price in Shanghai is around 14,900 yuan / ton, which is about 100 premiums over futures
.
The mainstream transaction price in Guangdong is around 14840 yuan / ton
.

As the Spring Festival holiday approaches, consumption has further weakened, the market accumulation trend is obvious, and aluminum prices are under pressure
.
However, due to the market's optimistic expectations for post-holiday consumption, prices did not fall
sharply.
However, the accumulation pressure tends to increase, and the short-term shock pattern
may be maintained.
Short-term recommended high and short operation
.

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