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Shanghai aluminum afternoon review on October 29

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

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aluminum magnesium alloy

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Overnight, the Shanghai aluminum main 1912 contract opened at 13830 yuan / ton at night, after the opening of the short pressurization, Shanghai aluminum shock downward, the lowest test to 13765 yuan / ton, the second half of the night session tried to rebound at the bottom, and finally closed at 13790 yuan / ton, down 35 yuan / ton, down 0.
25%.

It is expected that today's Shanghai aluminum main company is running at 13750-13850 yuan / ton, and the spot pair is rising 80-100 yuan / ton
in the month.

Shanghai aluminum

The AOO aluminum ingot price in East China was 14,010 yuan / ton, down 10 yuan
.
The Ministry of Industry and Information Technology said that it will issue the "Aluminum Industry Specification Conditions" as soon as possible to promote the orderly development of the industry; Domestic aluminum market demand performance is general, there is no large number of replenishment phenomenon, the market lacks further favorable stimulation, aluminum prices are hindered, and spot aluminum prices are expected to fall
slightly today.

The downturn in major end-markets continues to weigh on domestic consumption, while exports have suffered setbacks and continued to decline sharply, and the domestic off-season is approaching, and the consumption outlook is poor
.
Although the output has not increased significantly in the short term, the resumption of production will usher in a peak, although the release of output is expected to be obvious by the end of the year, but the psychological pressure on the market is greater, and the price pressure is inevitable
.
Operationally, it is recommended to sell short at high prices
.

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