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May 14 aluminum market brief comment

 Last Update: 2022-12-15
 Source: Internet
 Author: User

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Brief comment on the aluminum market, on Monday, the Shanghai aluminum main 1906 contract opened at 14195 yuan / ton, after the opening of the bulls increased their positions by more than 2,000 lots, the market was encouraged to touch 14235 yuan / ton, and then some bulls closed their positions to profit and left the market, and the aluminum price pulled back to a narrow range around 14180 yuan / ton
.
The bulls continued to help in the second trading session, and the price once reached the highest level of the day at 14240 yuan / ton, and then the upward momentum was insufficient, and it pulled back slightly at the end of the session, and finally closed at 14225 yuan / ton, up 55 yuan / ton, or 0.
39%.

Aluminum City

South Reserve South China aluminum ingot quotation of 14230-14330 yuan, the average price of 14280 yuan, up 70 yuan, the monthly premium of 40 yuan, the absolute price is stable and high, unilateral outflow, traders are afraid of high mining, downstream demand after the weekend is weak, the transaction is weak, the mainstream transaction price is concentrated between 14260-14290 yuan, compared with the average price of South China South China premium -20~10 yuan
.

The price of South Reserve East China aluminum ingots was 14230-14270 yuan, and the average price was 14250 yuan, up 80
.
Yangtze River: 14230-14270, 14250 up 70
.
Holders maintained positive shipments, the market circulation was abundant, aluminum fell in the early afternoon, spot quotations were slightly lowered, and transactions fell
.
The transaction price is between 14220-14230 yuan, which is a premium of
-30~-20 yuan compared with the average price of South Reserve East China.

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