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June 2 aluminum market morning review

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

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Aluminum market morning comment: the US dollar index climbed sharply, the monthly aluminum price fell sharply, and the LME three-month aluminum price fell 2.
33% to 2724 US dollars / ton
.
Shanghai aluminum night trading gap opened low, then rebounded to 20385 yuan / ton, then fell back and fluctuated
slightly.
The main 2207 contract closed at 20295 yuan / ton
.

Aluminum City

In the morning spot market trading are cautious, downstream stocking willingness is weak, middlemen and traders also show a risk-off mentality
.
Holders sell goods at a lower price
.
The mainstream trading price in Shanghai is around 20,200 yuan / ton, which is about 60 lower than that of futures
.
The mainstream transaction price in Guangdong is around 20170 yuan / ton
.

At present, domestic consumption continues to improve, and the sharp recovery of manufacturing PMI in May also reflects a strong recovery trend
.
However, the short-term stimulus policy has yet to be effective, and the consumption of the real estate market still has a significant drag
.
Short-term aluminum prices are still mainly range-bound, and it is recommended to try to bargain hunt in
operation.
Pay attention to the progress of duplicate pledge events and destocking
.

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