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Shanghai aluminum afternoon comment on December 25

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

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Overnight, the Shanghai aluminum main company 2002 contract opened at 14250 yuan / ton, the first half of the night trading first fell and then rose, the second half of the narrow range of shock finishing, the final close at 14245 yuan / ton, mainly short positions
.
In recent months, the back price spread maintained, and it is necessary to pay attention to the impact of the market source circulation on the margin of spot premium, and it is expected that the main shock of Shanghai aluminum will run at 14120-14250 yuan / ton in consecutive days, and the spot pair will rise 130-150 yuan / ton
in the month.

Shanghai aluminum

The price of AOO aluminum ingots in East China was 14,620 yuan / ton, up 130 yuan
.
The profits of aluminum enterprises still maintain a high level, and in the case of profit, electrolytic aluminum plants are accelerating the production process, and the supply pressure in the later period is greater; The current spot market trading is flat, there are not many downstream receipts, and today's spot aluminum prices are expected to fall
slightly.

Alumina prices continue to fall, aluminum companies are profitable, driven by profits, electrolytic aluminum production capacity will gradually resume production, electrolytic aluminum supply pressure increased significantly in the later stage, and the downstream consumption of good situation can not be maintained, the medium and long term still maintain a bearish situation
.
Aluminum prices have been repeated in the short term under the condition of improving macro atmosphere and considerable downstream consumption, and have now broken through the 10,000 barrier, and the new order is recommended to wait and see
for the time being.

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