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June 21 aluminum market brief commentary

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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A brief comment on the aluminum market, the performance of the Shanghai aluminum main 1908 contract first fell and then rose
.
Open at 13915 yuan / ton in the morning, the opening shadow briefly touched the intraday high of 13920 yuan / ton, the afternoon shock slipped to 13865 yuan / ton intraday low, falling below the daily average, but due to the improvement of the macro atmosphere in the past two days, aluminum prices fell back below there is still some support, Shanghai aluminum then from the low began to turn upward, back to the high level of around 13910 yuan / ton, and finally closed at 13910 yuan / ton, up 55 yuan / ton, up 0.
4%.

Aluminum City

Due to the dovish signal released by the Fed's interest rate decision, the market trading atmosphere turned good, and aluminum prices rose slightly in the state of temporary stability of fundamentals, but considering that there are still bearish factors in the supply and demand side in the future, it is expected that the subsequent upper space is limited, and continue to pay attention to the impact of long and short positions changes and related macro news on market sentiment
.

In terms of the market, Shanghai spot aluminum ingot quotation of 13900-13940 yuan / ton, the average price of 13920 yuan / ton, up 20 yuan from the previous trading day, the discount of 1907 contract 10 yuan / ton - premium 30 yuan / ton
.
Shanghai aluminum fell slightly in the morning, traders on the July contract rose 10 ~ liter about 20 yuan / ton, a few stickers 10 transactions, the average price of the network price ~ average price -10, the current price of Wuxi is slightly higher than Shanghai, East China market large households have received, driving a part of the transaction, downstream procurement enthusiasm is general, the overall market transaction is flat
.

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