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November 12 aluminum market morning review

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

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Aluminum market morning comment: The rebound of the US dollar index caused most of the external metals to fall, but aluminum prices remained strong as consumption rebounded
strongly.
The three-month aluminum price on the London Stock Exchange peaked at $1929/ton, closing at $1917/ton, up 0.
31%.

Shanghai aluminum night trading continued to hit a new high, the main 2012 contract closed at 15210 yuan / ton
.

Aluminum City

In the morning, the overall spot market gradually declined with higher prices, and downstream fears of heights and
wait-and-see.
The mainstream trading price in Shanghai is 15,360 yuan / ton, which is about 20 higher than the futures
.
The mainstream transaction price in Guangdong is around 15350 yuan / ton
.

Domestic explicit inventory dematerialization has tightened spot supply, although the current production momentum is strong, but domestic consumption is not weak, superimposed overseas consumption has driven the increase in exports, internal and external resonance, resulting in short-term aluminum prices are easy to rise and fall
.
It is recommended to pull back to buy ideas in the short term, and it is not recommended to chase higher
.

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