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November 9 aluminum market morning review

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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Aluminum market morning comment: the US dollar index fell for three consecutive days, giving the external metal a chance to rebound, overnight the external aluminum price fluctuated higher, and the LME three-month aluminum price rose 0.
26% to 2345 US dollars / ton
.
Domestic night trading volatility closed slightly higher, the main 2212 contract closed at 19465 yuan / ton
.

Aluminum City

In the morning spot market, the transaction is weak, the inventory is low but the circulating supply is more abundant, the downstream price is purchased on demand, and the holder passively reduces the price of shipment
.
The mainstream trading price in East China is around 18450 yuan / ton, which is about 10 lower than the futures
.
The mainstream transaction price in Guangdong is around 18600 yuan / ton
.

At present, the fundamentals of domestic supply and demand are still not clearly driven, the overall supply tends to increase, and the pattern of weak consumption inhibits the price rebound, but the low inventory support still exists, and the macro sentiment is optimistic
in recent days.
The short-term aluminum price shock pattern is difficult to change, and the range operation recommendation
is maintained.

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