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November 29 aluminum market morning review

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Aluminum market morning comment: the new crown variant Omicron caused global panic, metal prices fell across the board on Friday, and the three-month aluminum price on the London Stock Exchange fell 4.
53% to $2592 / ton
.
Shanghai aluminum night trading also fell, the main 2201 contract closed at 18650 yuan / ton
.

Aluminum City

In the morning spot market, the overall transaction was lackluster, and the holders still showed a strong willingness to exchange cash, and the downstream price was reduced and purchased
on demand.
The mainstream trading price in Shanghai is around 19230 yuan / ton, which is about 100 closer than futures
.
The mainstream transaction price in Guangdong is around 19310 yuan / ton
.

At present, the fundamental contradiction between supply and demand in the domestic market is not prominent for the time being, it is difficult for smelters to resume production for the time being, and there is a seasonal weakening trend in consumption, but there is no obvious reservoir for
the time being.
The short-term market is still affected by the sentiment caused by external factors, and it is recommended to wait and see for the time being
.

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