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Shanghai aluminum continues to rise Market trading activity is average

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2101 contract opened at 16605 yuan / ton, the highest intraday 16925 yuan / ton, the lowest 16605 yuan / ton, settled 16820 yuan / ton, and closed at 16835 yuan / ton, up 200 yuan
.
Today, Shanghai aluminum continues to rise, the global economic recovery is expected to strengthen, low aluminum ingot inventories support prices, although high industry profits promote capacity release, but short-term increments are limited
.

Shanghai aluminum

Today's Lun aluminum trend is stronger, LME three-month aluminum Beijing time at 15:00 at 2076 US dollars / ton, up 17.
5 US dollars, or 0.
85%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 17050-17090 yuan / ton, up 90 yuan; Guangdong South Reserve reported 17140-17200 yuan / ton, up 100 yuan; Hua reported 17170-17190 yuan / ton, up 100 yuan
.
Holders actively ship, middlemen are weak in procurement, downstream demand is not good, and transaction activity is average
.

Industry news, Commerzbank released the latest report: aluminum prices are expected to average $1,732 per ton in 2020 and $2,025 per ton in 2021
.

Overall, the global manufacturing recovery is strong, aluminum fundamentals have improved, after Biden's victory in the multilateral cooperation of countries smoother, the global economic recovery has been promoted, it is expected that the short-term aluminum price trend will continue to be strong and volatile, it is recommended to continue to hold long orders, pay attention to the opportunity to buy low
.

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