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Market caution heats up, and the trend of Shanghai aluminum is weak

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2204 contract, opening 24020 yuan / ton, the highest intraday 24020 yuan / ton, the lowest 22550 yuan / ton, settlement 23830 yuan / ton, the end of the close to 23105 yuan / ton, down 725 yuan, down 3.
04%; The trading volume of the main 2204 contract of Shanghai aluminum increased by 326544 lots 758083 the whole day, and the position volume of 187950 contracts decreased by 43861 lots
.
Today's weak trend of Shanghai aluminum, Russia and Ukraine entered the third round of negotiations, market panic has eased, and domestic supply has gradually recovered, coupled with high aluminum prices to inhibit downstream demand, Shanghai aluminum performance is weak
.

Shanghai aluminum

Today's Lun aluminum fluctuated and fell after a straight line, LME three-month Beijing time at 15:01 at 3845 US dollars / ton, up 105 US dollars, or 2.
81%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 22690-22730 yuan / ton, down 1160 yuan; Guangdong South Reserve reported 22660-22720 yuan / ton, down 1150 yuan; Hua reported 22750-22790 yuan / ton, down 1140 yuan
.
Today's spot plunged more than 1,000 yuan, but the market did not make much waves, the holders were unable to hold prices, the downstream bargain replenishment, the procurement enthusiasm was better, the demand performance was good, and the trading volume was acceptable
.

At present, the geopolitical crisis continues to ferment and the market cautious mood heats up, but domestic aluminum plants actively resume production, high aluminum prices inhibit downstream demand, middlemen are mainly bargain-hunting, and terminal orders are insufficient to replenish, while the peak season that the market is looking forward to to destocking has not yet arrived, and the spot market is under pressure, forming a discount state, and aluminum or falling
.

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