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June 28 Shanghai aluminum morning review

 Last Update: 2022-12-11
 Source: Internet
 Author: User

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Overnight, the main force of Shanghai aluminum opened at 14190 yuan / ton, the early bulls entered to continue last night's rally, the high touched 14210 yuan / ton, the high led the bears to enter, aluminum prices pulled back, the low touched 14180 yuan / ton, and closed at 14175 yuan / ton
in the afternoon.
In overnight trading, because Trump will not take the most severe measures on Chinese investment, Shanghai aluminum opened high at 14205 yuan / ton, and then fluctuated upward, refreshing the intraday high to 14305 yuan / ton, and closing at 14215 yuan / ton
at the end of the session.
It is expected to run 14200~14400 yuan / ton within the day, and the discount is 100~60 yuan tons
.

Shanghai aluminum

Spot discount expanded, aluminum futures rose, cargo holders shipments converged, middlemen willingness to receive goods increased, downstream enterprises purchased according to just demand, the overall transaction was warmer than yesterday, mainly based on the transaction between traders guided by the spread
.
In the late afternoon, the aluminum shock rose slightly, and the trading volume in East China was concentrated at 14020~14040 yuan / ton
.

Recently, inventories have continued to decrease, the price of London aluminum and Shanghai aluminum fell to a low level, coupled with the sharp rebound of crude oil, commodity market sentiment has recovered, and aluminum prices have rebounded
.
However, the fundamentals lack effective drivers, and the pressure above aluminum prices is greater
.
It is expected that aluminum prices will maintain a volatile trend in the short term, waiting for further driving guidance
.

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