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    Home > Chemicals Industry > New Chemical Materials > November 29 Shanghai aluminum noon comment

    November 29 Shanghai aluminum noon comment

    • Last Update: 2022-12-17
    • Source: Internet
    • Author: User
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    Overnight, the main 2001 contract of Shanghai aluminum opened at 13805 yuan / ton, the day side rose unilaterally, after the night opening short position superimposed long position reduction, soon after the opening quickly fell back to 13775 yuan / ton, after the short short exit superimposed long receiver, the price stopped falling and stabilized, the end of the long position closed and left, the price finally closed at 13765 yuan / ton
    .
    The night price fell by 45 yuan / ton, or 0.
    33%.

    Holdings decreased by 722 lots to 201,000 tons
    .

    Shanghai aluminum

    The price of AOO aluminum ingots in East China was 13,960 yuan / ton, unchanged
    .
    After the resumption of production of Hydro, the price of alumina weakened sharply, the profits of electrolytic aluminum enterprises were repaired, the current domestic heating season policy has limited impact on aluminum enterprises, the aluminum market lacks strong support, it is expected that today's spot aluminum prices will rise and fall limited
    .

    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 with the gradual launch of electrolytic aluminum production capacity in Yunnan, Sichuan and other places, 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 of 90-130 yuan / ton
    for the current month.

     

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