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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 22

    Shanghai aluminum afternoon review on May 22

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Overnight, the main 2007 contract of Shanghai aluminum opened at 12,860 yuan / ton, rising slightly at night to stand at 12,900 yuan / ton, the morning rally continued, once exceeded 13,000 yuan / ton during the session, the increase and decrease in the back fell sharply, fell below 12,700 yuan / ton in the afternoon, but the down payment at the end of the day fell partially, and closed down at 12,775 yuan / ton, down 0.
    78%, the trading volume was reduced to 162,000 lots, and the position was reduced to 157,000 hands
    .
    The daily line closes in the shade, the upper and lower shadows are comparable, and the long and short continue to wrestle
    .
    Spot premium affected by imported aluminum ingots and the dumping of some stockpilers has declined, the near strength and far weakness have eased, the monthly difference has narrowed slightly, and it is expected that the main operating range today will be 12700-13100 yuan / ton
    .

    Shanghai aluminum

    The price of Chinalco East China AOO aluminum ingot was 13480 yuan / ton, down 20 yuan
    .
    Aluminum ingot import profits maintained, exports are still under greater pressure, and domestic smelters have also begun to resume production, although the inventory is still degrading, but the authenticity of terminal consumption has yet to be verified, the current aluminum market fundamentals lack new stimulus, it is expected that today's spot aluminum prices will not rise or fall
    .

    The import volume has increased significantly, and the processing fees of spot transaction premiums, aluminum rods, aluminum rods, etc.
    have fallen significantly, indicating that there has been significant weakness, short-term consumption is still strong, and under the expectation of strong destocking, short-term price volatility is expected to be strong, and it is recommended to wait and see
    .

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