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    Home > Chemicals Industry > New Chemical Materials > September 13 aluminum market morning review

    September 13 aluminum market morning review

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: macro optimism is high, risk appetite has rebounded sharply, and last Friday's internal and external metals strengthened across the board, and copper and aluminum rose first
    .
    The three-month aluminum price on the London Stock Exchange rose 3.
    23% to $2927.
    5/mt
    .
    Shanghai aluminum night trading continued to break upward, the main 2110 contract reached a maximum of 23295 yuan / ton, closing at 23240 yuan / ton
    .

    Aluminum City

    In the morning, spot market transactions fell with rising prices, with cargo holders actively shipping and downstream fearing higher existing purchases
    .
    The mainstream trading price in Shanghai is 22660 yuan / ton, which is about 70 compared with the futures discount
    .
    The mainstream transaction price in Guangdong is around 22740 yuan / ton
    .

    The short-term domestic supply-side contradiction is still difficult to alleviate, and the dual control of power supply and energy consumption still suppresses the release of production capacity, so that short-term output still tends to decline
    .
    Domestic consumption is still temporarily suppressed by high prices, but overseas consumption is strong, and shortages are expected to intensify, driving strong growth in domestic exports
    .
    Under the resonance of short-term fundamentals and macro optimistic expectations, aluminum prices remain strong, but they also need to be wary of excessive
    speculation.
    It is recommended to take advantage of the dip and
    go long.

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