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November 25 aluminum market morning review

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

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Aluminum market morning comment: the market's expectations of economic stimulus heated, overnight external metals continued to strengthen, London Stock Exchange three-month aluminum price rose 0.
61% to 1985.
5 US dollars / ton
.
Shanghai aluminum night trading also strengthened, the main 2012 contract once again touched 16,000 yuan / ton, closing at 15,945 yuan / ton
.

Aluminum City

The spot market maintained a certain degree of activity in the morning, and the holders and traders traded actively, but the transaction in some areas was not good
.
The mainstream trading price in Shanghai is around 15930 yuan / ton, which is about 120 higher than futures
.
The mainstream transaction price in Guangdong is around 16090 yuan / ton
.

At present, macro optimism is still strong, coupled with the continued tight supply of the domestic spot market, the explicit inventory will reach the status of the year, and the futures warehouse receipt has also declined, resulting in the aluminum price before the point is still easy to rise and fall
.
However, considering that the actual overall consumption growth is not strong and the existence of hidden inventory, it is not recommended to chase higher
.
It is recommended to wait and see for
the time being.

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