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Market bearish factors are intertwined There is pressure above the main force of Shanghai aluminum

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2112 contract, opening 19310 yuan / ton, the highest intraday 19350 yuan / ton, the lowest 18635 yuan / ton, settlement 19450 yuan / ton, the end closed at 18705 yuan / ton, down 745 yuan, down 3.
83%; The trading volume of the main 2112 contract of Shanghai aluminum increased by 156776 lots 504327 lots throughout the day, and the position volume of 218093 increased by 39984 lots
.
Today, Shanghai aluminum continues to weaken, domestic coal prices continue to fall, aluminum market bearish factors are intertwined, aluminum ingot inventory is re-accumulated, superimposed on the pessimistic atmosphere of industrial products, there is pressure
above aluminum prices.

Shanghai aluminum

In the market, today's London aluminum gap shock lower today, LME three-month Beijing time at 15:01 at 2623 US dollars / ton, down 11 US dollars, or 0.
44%
from the previous trading day's settlement price.

Today's spot trading price of Yangtze River is 18920-18960 yuan / ton, down 230 yuan; Guangdong South Reserve reported 19060-19120 yuan / ton, down 190 yuan; Hua reported 18970-19010 yuan / ton, down 250 yuan
.
Cargo holders generally shipped at high prices, and receivers stocked a small amount of goods, trading activity became weaker, and the overall trading volume was better than yesterday
.

Domestic aluminum prices weakened by factors such as the collapse of coal and real estate, the sinking cost and the dismal real estate data dragged down the market, superimposed aluminum ingot inventories began to accumulate again, as of November 15, up 16,000 tons from last week to 1.
023 million tons, aluminum consumption concerns rekindled, now aluminum or fall.

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