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Shanghai aluminum continues to be strong and prices enter high volatility

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2108 contract, opening 19260 yuan / ton, the highest intraday 19605 yuan / ton, the lowest 19260 yuan / ton, settlement 19345 yuan / ton, the end of the close to 19470 yuan / ton, up 125 yuan
.
Today, Shanghai aluminum continues to be strong, Henan and Yunnan have recently limited power and production, primary aluminum production has declined for the second consecutive month, and social stocks are still deteriorating
.

Shanghai aluminum

Today's Lun aluminum volatility trend, LME three-month Beijing time at 15:02 at 2516 US dollars / ton, up 5 US dollars, or 0.
20%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19240-19280 yuan / ton, up 140 yuan; Guangdong South Reserve reported 19280-19340 yuan / ton, up 140 yuan; Hua reported 19310-19350 yuan / ton, up 140 yuan
.
Holders generally ship goods at a high price, and receivers buy on demand, and the overall trading performance of the market is acceptable
.

In terms of news, Yunnan, Henan and other places reported coal, power shortage and production restrictions, so as to limit power and production again, domestic primary aluminum production fell again in June, and the market concerns about electrolytic aluminum supply escalated again, spot aluminum or rise
.

On the macro front, Fed Chairman Jerome Powell reiterated dovish and dispelled market expectations that the Fed will soon reduce its size; The fundamentals entered the off-season, but did not completely turn to excess, and the overall tightness; The macro economic recovery has slowed down significantly, and it is expected that the market will enter a stage of high volatility in the near future
.

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