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Shanghai aluminum afternoon comment on December 19

 Last Update: 2022-12-17
 Source: Internet
 Author: User

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Overnight, the Shanghai aluminum main company 2002 contract opened at 14100 yuan / ton, after the opening of the long funds increased positions, the market once reached a high of 14210 yuan / ton, a small number of long positions closed at the end of the session to make a profit, and finally closed at 14180 yuan / ton
.
The tight spot circulation in the market has led to the expansion of the back-up structure of the futures front-month contract, and the terminal demand is still maintained
.
It is expected that today's Shanghai aluminum main shock operation is 14100-14120 yuan / ton, and the spot pair is rising 150-170 yuan / ton
in the month.

Shanghai aluminum

The price of Chinalco East China AOO aluminum ingots was 14330 yuan / ton, up 170 yuan
.
The recent heavy snowfall in the north may affect transportation, and the arrival volume of goods in the spot market has decreased; Domestic automotive industry, construction industry and other terminal consumption is gradually stabilizing, electrolytic aluminum destocking process is still continuing, today's spot aluminum prices are expected to continue to rise
.

Recently, China has adopted a RRR reduction policy to release liquidity, but on the whole, the global interest rate reduction cycle in the second half of the year has begun, and the economic downturn is inevitable, and pessimistic expectations for the economy have put upward pressure on aluminum prices, and consumption highlights are limited
.
In terms of operation, it is recommended that the range is between 13500-15000 yuan / ton
.

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