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Macro sentiment repeatedly Shanghai aluminum weak operation

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2102 contract opened at 15385 yuan / ton, the highest intraday 15415 yuan / ton, the lowest 14975 yuan / ton, settled 15160 yuan / ton, and closed at 15010 yuan / ton, down 410 yuan
.
Today's Shanghai aluminum is running weakly, macro sentiment is repeated, consumption is seasonally weakening, new production capacity is still being launched, and aluminum prices are under pressure
.

Shanghai aluminum

Today, LME three-month aluminum aluminum reported at 2005 US dollars / ton at 15:00 Beijing time, down 11 US dollars, or 0.
55%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15380-15420 yuan / ton, down 300 yuan; Guangdong South Reserve reported 15390-15450 yuan / ton, down 350 yuan; Hua reported 15490-15510 yuan / ton, down 310 yuan
.
The circulating supply is sufficient, the shipments of holders are decreasing, and the downstream wait-and-see is the mainstay, and the transaction is still weak
.

Industry fundamentals, midstream inventories began to accumulate, the balance of supply and demand began to loosen, and the off-season effect began to appear
.
From the perspective of futures, the pressure area of Hulun aluminum has pulled back to varying degrees, and Shanghai aluminum fluctuates greatly, and it has fallen
rapidly in the short term.
Aluminum prices are mainly
volatile.

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