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June 15 aluminum market morning evaluation

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Aluminum market morning comment: On the eve of the Fed's interest rate decision, the market has strong expectations for aggressive interest rate hikes, and economic concerns have intensified
.
Overnight, the outer metal continued to fall, with the LME three-month aluminum price falling 3% to $2558/mt
.
Shanghai aluminum night trading was dragged down and continued to open low, and the main 2207 contract closed below 19740 yuan / ton
.

Aluminum City

In the morning, the willingness of holders in the spot market to submit a strong willingness to sell, the source of circulating goods tightened, the willingness to purchase downstream increased, and the spot premium strengthened
.
The mainstream trading price in the East China market is around 19,920 yuan / ton, which is about 20 percent lower than that of futures
.
The mainstream transaction price in Guangdong is around 19880 yuan / ton
.

The overall consumption of the domestic primary aluminum market is improving, and the economic repair has led to the improvement of consumption and the dematerialization
of inventory.
However, production growth has accelerated, and supply pressures are increasing
in the medium term.
At present, the market is focused on the Fed's movements, and sentiment is volatile
.
It is recommended to operate cautiously in the short term and focus on risk control
.

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