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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to fall under pressure The short-term expectation in the market is good

    Shanghai aluminum continues to fall under pressure The short-term expectation in the market is good

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2206 contract, opening 20600 yuan / ton, the highest intraday 21035 yuan / ton, the lowest 20295 yuan / ton, settlement 21265 yuan / ton, the end of the close to 20715 yuan / ton, down 550 yuan, down 2.
    59%.

    Shanghai aluminum

    Today's Lun aluminum volatility higher, LME three-month Beijing time at 15:01 at 3112 US dollars / ton, up 30 US dollars, or 0.
    97%,
    from the previous trading day's settlement price.

    Today's Shanghai aluminum is running weakly, the Fed's continued hawkish attitude has boosted the strength of the US dollar, and the uncertainty of the domestic epidemic has made the macro atmosphere dominant, and aluminum prices are under pressure to the downside
    .

    In terms of the market, today's spot trading price of Yangtze River is 20710-20750 yuan / ton, down 210 yuan, discount 45-discount 5; Guangdong South Reserve reported 20810-20870 yuan / ton, down 250 yuan; Hua reported 20770-20810 yuan / ton, down 210 yuan
    .
    The cargo holder shipped at a high price, and the receiver actively replenished the low-priced source, the overall transaction was good, and the transaction performance was
    acceptable.

    Industry news, Haomei New Materials disclosed a quarterly report on April 26, 2022, the company achieved a total operating income of 1.
    3 billion yuan in the first quarter of 2022, a year-on-year increase of 31.
    4%; The net profit attributable to the parent was 34.
    609 million, a year-on-year increase of 33.
    9
    %.

    In terms of fundamentals, consumption performance is strong, Wuxi warehouse limited loading and stopping railway containers arrived, inventory will still dematerialize under the epidemic, domestic electrolytic aluminum production has slowed down, production has gradually been released, and the total operating capacity is close to 41 million tons, higher than the same period
    last year.
    Domestic supply and demand are gradually improving, inventories are degraded, the epidemic has delayed the arrival of the consumption season, and the short-term and medium-term expectations are good, but the US dollar trend is strong, the pressure of RMB exchange rate depreciation is greater, capital risk aversion is rebounding, and aluminum technology is bearish
    .

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