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Shanghai aluminum afternoon review on March 16

 Last Update: 2022-12-09
 Source: Internet
 Author: User

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The Fed meeting is approaching, interest rate hike concerns are rising, base metals are under overall pressure, overnight Lun aluminum rushed back down, the latest closing price at $2083 fell $7, or 0.
34%, the lowest level in nearly three months, the volume of 14093 lots increased by 1282 lots, and the position 683123 increased by 901 lots
.
Overnight, Shanghai aluminum encountered obstacles to the upward movement, and fell back at the end of the day, and the latest closing price of the main month 1805 contract was up 5 yuan at 13980 yuan, an increase of 0.
04%.

Shanghai aluminum

In South China, the aluminum was leaked
before noon.
Today's Guangdong market transaction concentrated in 13770 ~ 13790 yuan / ton, Guangdong and Shanghai price difference maintained around 30 yuan / ton, today's cargo holders are generally willing to ship, individual large households receive a small amount of goods, downstream participation slightly improved but limited, under environmental pressure and cost pressure, local profile factories are more willing to purchase aluminum rods, so Guangdong aluminum ingot spot transactions are still not as good as aluminum rods
.

East China, the period aluminum leaked
before noon.
Today's Shanghai transaction concentration is 13740~13760 yuan / ton, the discount for the month is 140-130 yuan / ton, Wuxi transaction concentration is 13740-13760 yuan / ton, Hangzhou transaction concentration is 13770-13780 yuan / ton
.
Today's East China market transaction is extremely active, middlemen and downstream willingness to receive goods are strong, but the market circulating supply is limited, the performance is slightly tight, the enthusiasm of holders and smelters is not high, so in the context of such high inventory, the discount is still good, and the overall transaction in East China today is the best
this week.

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