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    Home > Chemicals Industry > New Chemical Materials > November 30 aluminum market morning review

    November 30 aluminum market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: last Friday the dollar index weakened again coupled with the market macro optimism high, the external aluminum price continued to climb and hit a new high, the London Stock Exchange three-month aluminum price of the highest 2003.
    5 US dollars / ton, closed at 1997.
    5 US dollars / ton, up 1.
    09%.

    Shanghai aluminum overnight trading rally is even stronger, the main 2102 contract as high as 16315 yuan / ton, closed at 16195 yuan / ton
    .

    Aluminum City

    The spot market is still active in the morning, the market arrival is not much, the holders are more competitive, the middlemen are active in receiving goods, and the willingness to stock downstream has also accelerated
    .
    The mainstream trading price in Shanghai is around 16350 yuan / ton, which is about 160 higher than futures
    .
    The mainstream transaction price in Guangdong is around 16490 yuan / ton
    .

    Domestic consumption ended the year with obvious tail ends, and smelter aluminum ingot production did not increase with the increase in electrolytic aluminum production, resulting in continued tightening of spot supply, explicit inventories continued to decline, and the current high macro optimism pushed up trade demand
    .
    The continuous dematerialization of short-term inventories still supports aluminum prices, and aluminum prices are still prone to rise and fall
    .
    It is recommended that the callback be based on long ideas
    .

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