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    Home > Chemicals Industry > New Chemical Materials > June 26 Shanghai aluminum brief comment

    June 26 Shanghai aluminum brief comment

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Shanghai aluminum main contract opened at 14235 yuan / ton in the morning, aluminum prices first fell and then rose in the afternoon, the low touched 14145 yuan / ton after rising to 14200 yuan / ton at a narrow range, closed at 14210 yuan / ton, Shanghai aluminum index position decreased by 8198 hands to 647604 lots, although aluminum prices temporarily stabilized during the week, a small number of bulls tried to enter, but the rebound lacked the support of substantial positive factors such as fundamentals or policies, so the performance is still weak
    .

    Shanghai aluminum

    Today's South China South China aluminum ingot quotation is 14050-14150 yuan, the average price is 14100 yuan, down 130
    .
    The futures price fell sharply, the holders actively shipped, the downstream wait-and-see, the trading was flat, the transaction price fell from 14100 yuan to around 14000 yuan, which is a premium of -100~+0 yuan
    compared with the average price of South China Reserve.

    Today's Nanchu East China aluminum ingot quotation is 13950-13990 yuan, the average price is 13970 yuan, down 140
    .
    Yangtze River: 13970-14010, 13990 down 140
    .
    Futures continue to decline, the market circulation is abundant, the transaction is better, the middlemen are mainly trading, and the downstream just needs to purchase
    .
    The transaction price is 13930 yuan ~ 13970 yuan, which is a premium of -40~0 yuan
    compared with the average price of South Reserve East China.

    In the short term, the domestic electrolytic aluminum operating capacity maintains a slow pace of launch, the weakening of the consumer side has become a foregone conclusion, the decline in aluminum ingot inventory has narrowed, and the inflection point of aluminum rod inventory stop falling and return to increase has appeared, which is also confirmed from the side, and the cost side is still in the downward channel, has not yet seen signs of stabilization, alumina and anode prices have fallen, and it is not impossible to touch 13800 yuan / ton at a low cost in the future, so medium-term fundamental pressure is still there, superimposed on the Sino-US trade dispute continues to ferment, at present, the bearish factors are still greater than the positive factors, The stabilization of the plate is more of the support given by the previous short profit and closing position, and it is expected that the aluminum price shock next week will be weak, and the operating range is 14050~14350 yuan / ton
    .

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