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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 7

    Shanghai aluminum afternoon review on May 7

    • Last Update: 2022-12-18
    • Source: Internet
    • Author: User
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    Yesterday, the main 2006 contract of Shanghai aluminum opened slightly lower at 12,595 yuan / ton, the price rose all the way to the intraday high of 12,760 yuan / ton, and then at 12,700 yuan / ton in the first line of weak finishing, the end of the day slightly rose at 12,740 yuan / ton, an increase of 0.
    63%, the trading volume increased to 87,000 lots, the position was reduced to 104,000 lots, and night trading has resumed
    .

    Shanghai aluminum

    In terms of the market, spot goods continued to be strong before the holiday, the national aluminum ingot inventory fell to 1.
    172 million tons, down 32,000 tons from before the holiday, and the holiday arrival was limited; the main force of Shanghai aluminum returned to above the 60-day moving average, and the upward trend did not change
    .
    In addition, the 05/06 contract monthly difference fluctuates greatly during the day, and the structure of near strength and far weakness will continue before the delivery month, and it is expected that the main force of Shanghai aluminum will run in the range
    of 12600-12900 yuan / ton today.

    The price of Chinalco East China AOO aluminum ingots was 13,000 yuan / ton, up 200 yuan
    .
    With the strengthening of domestic prices in the early stage, aluminum ingot import profits have emerged, but aluminum ingot social inventory does not increase but decreases after the holiday, indicating that demand continues to exist, and spot aluminum prices are expected to rise or fall little
    today.

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