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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to be strong or there is room to fall

    Shanghai aluminum continues to be strong or there is room to fall

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2012 contract opened at 14810 yuan / ton, the highest intraday 14890 yuan / ton, the lowest 14730 yuan / ton, settled 14805 yuan / ton, and closed at 14760 yuan / ton, up 95 yuan
    .
    Today, Shanghai aluminum continues to be strong, inventories are hovering at a low level, but consumption may weaken, electrolytic aluminum continues to release production, aluminum prices may have room
    to fall.

    Shanghai aluminum

    In terms of external trading, today's Lun aluminum is weak and volatile, LME three-month aluminum Beijing time at 15:00 at 1868.
    5 US dollars / ton, down 2.
    5 US dollars, or 0.
    13%
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 15120-15160 yuan / ton, up 100 yuan; Guangdong South Reserve reported 15010-15070 yuan / ton, up 70 yuan; Hua reported 15240-15260 yuan / ton, up 100 yuan
    .
    The enthusiasm of the cargo holders is not reduced, the enthusiasm of large households to receive goods is general, the downstream is afraid of a small amount of purchase, and the overall transaction is quiet
    .

    According to a recent report, some of the world's largest aluminium producers, such as Norway's Hydro and India's Hindalco, are resisting plans
    to launch a "green aluminum" trading platform on the London Metal Exchange.
    Hydro explained that a separate contract for a low-carbon aluminium deal would weaken standards and efforts
    to decarbonize energy-intensive industries.

    As the US election approaches, the risk appetite of the financial market fluctuates rapidly with the new crown epidemic, economic stimulus measures and political situation, and global asset prices, especially the high levels of stock markets and commodities, fluctuate greatly, once again reminding the risk of overseas epidemic outbreaks and high commodity pullbacks on the eve of the election, and the stabilization and rebound are more hopeful that the prospect of new crown vaccines and a new round of economic stimulus measures will be introduced
    as soon as possible.

    At present, the high volatility of copper and aluminum led by macro factors is waiting for the direction of the macro trend, while the signs of weakening at the end of the traditional peak season are strengthened, and the follow-up policy stimulus and implementation still need to be seen, the medium line focuses on Sino-US monetary and fiscal stimulus policy guidance and dynamic supply and demand adjustment, and the operation recommends short-term operation of customers
    .

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