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November 16 aluminum market morning review

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

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Aluminum market morning comment: the US dollar index weakened again, coupled with the good news of vaccines continued to ferment, last Friday's external aluminum prices continued to be strong, London Stock Exchange three-month aluminum prices reached a new high, the highest to 1943.
5 US dollars / ton, closed at 1934.
5 US dollars / ton
.
The Shanghai aluminum night market briefly rose and gradually retreated, and the main 2012 contract finally closed at 15400 yuan / ton
.

Aluminum City

In the morning, the spot market transaction is still active, the holders are actively shipping, the enthusiasm of the middlemen to receive goods is not reduced, and the downstream shows a certain fear of heights, and mainly
purchases on demand.
At present, domestic apparent consumption has exceeded expectations, but actual consumption has slowed down, but trade demand continues to be strong, and the decline in explicit inventories has also stimulated market buying
.

In the short-term destocking state, aluminum prices still receive strong support, resulting in aluminum prices still showing easy to rise and fall
.
However, the risk of a pullback also rises after the price continues to reach new highs
.
Operationally, it is recommended to call back more operations, and at the same time, you should be wary of the risk of
high fallback.

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