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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continued to fall under pressure to hit a new low in recent times

    Shanghai aluminum continued to fall under pressure to hit a new low in recent times

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    On Tuesday, the main contract of Shanghai aluminum 1807 continued to fall under pressure, with an operating range of 14805-14595 yuan / ton, and closed at 14610 yuan / ton at the end of the day, down 1.
    05% from the previous trading day's closing price, and the Shanghai aluminum daily closing price hit a low since May 2 this year
    .
    In terms of term structure, Shanghai aluminum continued the positive arrangement of near, low, far and high, of which the positive price difference between Shanghai aluminum 1806 contract and 1807 contract widened to 70 yuan / ton
    .

    Shanghai aluminum

    As of 16:15 Beijing time, the three-month LME aluminum was reported at 2283 US dollars / ton, up 0.
    26% per day, at present, Lun aluminum has not completely got rid of the recent oscillation range, highlighting the caution of long and short trading, and the short-term operating range of London aluminum focuses on 2230-2300 US dollars / ton
    .

    In terms of the market, on May 22, Shanghai aluminum trading concentrated 14590-14600 yuan / ton, the discount for the month was 80-70 yuan / ton, Wuxi transaction concentrated 14590-14600 yuan / ton, Hangzhou transaction concentrated 14610-14630 yuan / ton
    .
    The circulation source maintained a large circulation, the middlemen and downstream procurement were relatively stable, and the overall transaction remained stable
    .

    In terms of inventory, during the day, the aluminum warehouse receipt of the previous period was 815107 tons, down 2995 tons
    from the previous trading day.
    As of May 22, LME aluminium ingot inventories were 1232775 tonnes, down 1,800 tonnes
    from the previous session.

    In terms of industries, import tariffs
    on finished vehicles and parts will be reduced from July 1, 2018.
    The tax rate for 135 tariff lines with a vehicle tax rate of 25% and four tariff lines with a tax rate of 20% will be reduced to 15%, and the tax rate for a total of 79 tariff lines with auto parts tax rates of 8%, 10%, 15%, 20%, and 25% will be reduced to 6%.

    During the day, Shanghai aluminum 1807 fell under pressure to 14610 yuan / ton, a new low in recent times, as China's primary aluminum production in April further expanded and the US dollar index maintained a relatively high point, which may limit the rise in aluminum prices
    .
    Operationally, it is recommended that the Shanghai aluminum 1807 contract can be sold high and low between 14500-14700 yuan / ton, and the stop loss is 100 yuan / ton
    each.

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