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November 28 Shanghai aluminum afternoon comment

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Overnight, the main 2001 contract of Shanghai aluminum opened at 13735 yuan / ton, opened long to reduce positions, superimposed long positions, opened high 13780 yuan / ton, high short positions to suppress, the plate fell back, the bottom to 13710 yuan / ton, the end of the short profit, and finally closed at 13750 yuan / ton
.
Overnight, Shanghai aluminum fell 20 yuan / ton, down 0.
15%.

Holdings increased by 3,878 lots to 206,000 tons
.

Shanghai aluminum

Weiqiao's electrolytic aluminum index of about 2 million tons was transferred to Yunnan, which eased the pressure on the supply side in the first half of 2020, and Shanghai aluminum rebounded in the short term, but the trend is still bearish, and it is expected that the main contract of Shanghai aluminum in 2001 runs between 13700-13800 yuan / ton, and the spot contract premium is 90-130 yuan / ton
.

The AOO aluminum ingot price in East China was reported at 13960 yuan / ton, down 40 yuan
.
According to data from the National Bureau of Statistics, the profit of industrial enterprises fell by 9.
9% year-on-year in October, and the decline was wider than that of the previous month, mainly affected by factors such as the expansion of the decline in the ex-factory price of industrial products and the slowdown in production and sales growth, reflecting weak manufacturing activities, which put pressure on the outlook for metal demand, and spot aluminum prices are expected to rise or fall little
today.

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