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New production capacity continues to be released There is limited space above aluminum prices

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2011 contract opened at 14710 yuan / ton, the highest intraday 14910 yuan / ton, the lowest 14710 yuan / ton, settled 14835 yuan / ton, and closed at 14800 yuan / ton, up 125 yuan
.
Today's Shanghai aluminum trend is strong, strip enterprises new orders lack of stamina, "silver ten" failed to show as scheduled, new production capacity continued to release, aluminum prices above the space is limited
.

Aluminum prices

In the external market, today's London aluminum narrow range, LME three-month aluminum Beijing time at 15:01 at 1864.
5 US dollars / ton, up 1 US dollars, or 0.
05%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15040-15080 yuan / ton, up 120 yuan; Guangdong South Reserve reported 14920-14980 yuan / ton, up 120 yuan; Hua reported 15150-15170 yuan / ton, up 110 yuan
.
Traders are actively shipping, the market is afraid of heights, middlemen purchase on demand, and the overall transaction is light
.

Industry news, Shanghai Futures Exchange aluminum futures designated delivery warehouse was established in Lanzhou New District, Gansu Province on the 18th, which is the first aluminum futures designated delivery warehouse
in northwest China.
The futures delivery warehouse is located in the logistics park of Zhongchuan North Station in Lanzhou New District, with an approved storage capacity of 10,000 tons and a regional discount of 350 yuan / ton
.

The epidemic situation in Europe has intensified, the US election is approaching, and market volatility is expected to increase; Aluminum demand is gradually slowing down, East China spot tension is expected to ease this week, it is recommended to observe the spot situation, high short mainly
.

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