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October 18 aluminum market morning review

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

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Aluminum market morning comment: LME aluminum inventory surged, European natural gas prices continued to fall, external aluminum prices fell sharply, LME three-month aluminum prices fell 2.
03% to 2244 US dollars / ton
.
Dragged down by the external market, the domestic night market opened low and went low, and the main 2211 contract closed below 18300 yuan / ton
.

Aluminum City

In the morning, the spot market transaction did not improve, the downstream is still used and purchased, the holders are actively shipping for cash, and the trading between traders is also poor
.
The mainstream trading price in Shanghai is around 18460 yuan / ton, which is about 120 lower than the futures
.
The mainstream transaction price in Guangdong is around 18490 yuan / ton
.

Domestic consumption has improved marginally, but the performance still lacks bright spots, the price boost is limited, there is no more news stimulation on the supply side, and the contradictions in domestic fundamentals are not prominent
.
Short-term Shanghai aluminum is largely affected by the external disk, and it fluctuates
repeatedly with the external disk.
Short-term interval operation or wait-and-see is recommended
.

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