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    Home > Chemicals Industry > New Chemical Materials > Market demand confidence recovers Shanghai aluminum is running strongly

    Market demand confidence recovers Shanghai aluminum is running strongly

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2206 contract, opening 20365 yuan / ton, the highest intraday 20810 yuan / ton, the lowest 20335 yuan / ton, settlement 20120 yuan / ton, the end closed at 20555 yuan / ton, up 435 yuan, or 2.
    16%; The trading volume of the main 2206 contract of Shanghai aluminum increased by 49,453 lots 342343 the day, and the position volume 163333 decreased by 11,770 lots
    .
    Today's Shanghai aluminum is running strongly, the national favorable policies are concentrated and released, the market sentiment is rising, coupled with the improvement of the epidemic situation in Shanghai and the official announcement of the resumption of business and market resumption of market demand confidence recovery, while the aluminum ingot social library dematerialization, aluminum prices have been boosted, short-term aluminum prices are strong
    .

    Shanghai aluminum

    Today's London aluminum narrow range, LME three-month Beijing time at 15:01 at 2841 US dollars / ton, up 13 US dollars, or 0.
    46%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 20480-20520 yuan / ton, up 400 yuan, and the discount is 30-liter 10; Guangdong spot 20500-20560 yuan / ton, up 410 yuan, discount 20-liter 40; Hua reported 20540-20580 yuan / ton, up 400 yuan
    .
    The cargo holder raised the shipment but the price adjustment range, the receiver chose to purchase on demand, the overall trading atmosphere was more general, and the transaction volume was acceptable
    .

    On the supply side, an accident at an aluminum plant in Yunnan affected about 225,000 tons of production capacity, less than 1% of the current operating capacity, so the overall impact is considered limited
    .
    On the demand side, the central bank and the China Banking and Insurance Regulatory Commission lowered the loan rate for the first home by 20 basis points, stabilizing the property market policy and adding chips; At the same time, Shanghai officially announced that it will promote the resumption of business and market in phases from May 16, and the demand for automotive terminals, which is greatly affected by the epidemic in East China, is expected to recover
    in June.

    In terms of news, Finland and Sweden accelerated the pace of joining NATO, which made the geopolitical tension escalate supply worries, the domestic epidemic gradually eased the downstream consumption deposit replenishment expectations, and social inventories declined, domestic spot slowly improved, aluminum prices were supported, and aluminum or rose
    .

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