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    Home > Chemicals Industry > New Chemical Materials > Low inventories still provide support Short-term Shanghai aluminum high volatility

    Low inventories still provide support Short-term Shanghai aluminum high volatility

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2012 contract opened at 14855 yuan / ton, the highest intraday 14985 yuan / ton, the lowest 14850 yuan / ton, settled 14905 yuan / ton, and closed at 14870 yuan / ton, up 55 yuan
    .
    Today's Shanghai aluminum trend is strong, high profits stimulate production capacity launch, cost side alumina prices are relatively low, but low inventories still provide support, short-term aluminum prices fluctuate
    .

    Shanghai aluminum

    Today's London aluminum high volatility, LME three-month aluminum Beijing time at 15:00 at 1911 US dollars / ton, up 10 US dollars, or 0.
    53%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 15150-15190 yuan / ton, up 90 yuan; Guangdong South Reserve reported 15060-15120 yuan / ton, up 90 yuan; Hua reported 15250-15270 yuan / ton, up 70 yuan
    .
    Cargo holders are actively shipped, large households are generally active in receiving goods, and transaction activity is average
    .

    Industry highlights, China's exports of unwrought aluminum and aluminum products in October were 418,893.
    7 tons, down 1.
    8% from September and 2.
    8%
    from the same period last year.
    China, the world's largest producer of aluminium, has regained its status
    as a net exporter of aluminium since September as overseas demand recovers from the pandemic.

    Aluminum prices rose
    overnight on Friday.
    In terms of fundamentals, with the peak season after downstream consumption or ushered in a gradual cooling, but the fourth quarter consumption is still generally supported, in addition to the increase trend of supply is also worth paying attention to, it is expected that aluminum prices continue to maintain a pattern of near strength and far weakness, the medium-term rally slows down, and may gradually return to shock.

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