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May 27 aluminum market morning review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Aluminum market morning comment: the dollar index weakened, U.
S.
stocks rebounded, capital market sentiment improved, and the decline in external metals narrowed
.
The LME three-month aluminum price closed at $2866/mt, down 0.
07%.

Domestic night trading opened high and went higher, the main 2207 contract was up to 20750 yuan / ton, closing at 20685 yuan / ton
.

Aluminum City

The morning spot market trading has not improved significantly, and the downstream is still dominated by on-demand procurement, with middlemen receiving goods in small quantities
.
The mainstream trading price in Shanghai is around 20,510 yuan / ton, which is about 20 percent lower than the futures
.
The mainstream transaction price in Guangdong is around 20520 yuan / ton
.

Domestic consumption continued to improve, and overseas inventories continued to hit new lows, keeping exports strong
.
A series of domestic stimulus policies have also improved market expectations
.
However, the production growth momentum is strong, the stimulus policy needs to be implemented, and the overseas economic outlook is also worried, which inhibits the rebound of
aluminum prices.
Short-term aluminum prices fluctuate repeatedly, and it is recommended to operate in
ranges.

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