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    Home > Chemicals Industry > New Chemical Materials > November 26 aluminum market morning review

    November 26 aluminum market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: the worsening of the epidemic in Europe caused market concerns, overnight the outer metal generally fell, the external aluminum price rushed back down, the end of the day still closed, London Stock Exchange three-month aluminum price rose 0.
    44% to 2715 US dollars / ton
    .
    Dragged down by the sharp fall in thermal coal, Shanghai aluminum opened high and dipped overnight, and the main 2201 contract closed below 19375 yuan / ton
    .

    Aluminum City

    In the morning, the overall transaction of the spot market was not good, and although the holders were selling goods at low prices, the downstream receiving force declined
    .
    The mainstream trading price in Shanghai is around 19,300 yuan / ton, which is about 80 lower than the futures discount
    .
    The mainstream transaction price in Guangdong is around 19380 yuan / ton
    .

    At present, overseas consumption is still strong, LME inventories continue to deteriorate, domestic supply and demand fundamentals are weak both supply and demand, and explicit inventories are repeated
    .
    Short-term fundamental contradictions are still not prominent, overseas strength and external factors affect the internal market, Shanghai aluminum short-term is still in
    the range of volatility.
    It is recommended that interval operations prevail
    .

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