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May 28 Shanghai aluminum morning review

 Last Update: 2022-12-10
 Source: Internet
 Author: User

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Last Friday night Shanghai aluminum main force opened at 14810 yuan / ton, affected by the external disk, bulls hedged, Shanghai aluminum main force touched 14735 yuan / ton, then long and short cautious wait-and-see, Shanghai aluminum main force around the daily moving average for a narrow range, closed at 14760 yuan / ton
.
The trading volume decreased by 132,000 lots to 45,102 lots, and the position volume decreased by 3,738 lots to 263806 lots
.
The Shanghai Aluminum Index reduced its position by 3,966 lots to 640,890 lots
.
Today is the announcement day of aluminum ingot inventory, or the main performance of Shanghai aluminum is strong under the condition of continuous destocking, and it is expected to run 14700~14900 yuan / ton
within the day.

Shanghai aluminum

Market conditions, the East China market has sufficient supply, the holders actively ship, and the downstream procurement enthusiasm is acceptable; Holders in the South China market are actively shipping goods, and the willingness to receive goods downstream is better; Domestic spot inventories retreated
.
At present, aluminum downstream consumption is in line with expectations, in the domestic spot, LME inventory continues to fall, aluminum prices or try to shift the center of gravity upward, but the upward driving force is weak, it is expected that Shanghai aluminum is mainly oscillating operation
.

Shanghai aluminum night trading slightly lower, aluminum prices resisted the decline obviously, the overall decline is limited, cost support is solid, the total domestic inventory continues to decline, the fundamentals continue to repair, it is expected that today's Shanghai aluminum high level will stabilize
.

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