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Shanghai aluminum continues to rise The macro atmosphere is warm, boosting bullish sentiment

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

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aluminum

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Today's Shanghai aluminum main month 2101 contract opened at 16495 yuan / ton, the highest intraday 16805 yuan / ton, the lowest 16480 yuan / ton, settled 16670 yuan / ton, and closed at 16780 yuan / ton, up 315 yuan
.
Today, Shanghai aluminum continued to rise, electrolytic aluminum maintained destocking, and the macro atmosphere was overall warm, boosting bullish sentiment
.

Shanghai aluminum

Today's Lun aluminum high volatility, LME three-month aluminum Beijing time at 15:10 at 2078 US dollars / ton, up 11.
5 US dollars, or 0.
56%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 16940-16980 yuan / ton, up 220 yuan; Guangdong South Reserve reported 17050-17110 yuan / ton, up 240 yuan; Hua reported 17050-17070 yuan / ton, up 230 yuan
.
Holders actively ship, downstream procurement willingness is weak, and transaction activity is average
.

Industry news, Rusal issued an announcement that the allegations in the Bloomberg news article have no factual basis and are false, after the market feared that the United States may sanction Rusal again, aluminum supply tension has revived, pushing Lun Aluminum to a more than two-year
high.

Overall, the global manufacturing recovery is strong, aluminum fundamentals have improved, multilateral cooperation between countries has become smoother after Biden's victory, which has promoted the global economic recovery, while the US $900 billion bailout bill is expected to be agreed in recent days, macro sentiment has improved, and under the support of the continued low level of China's 16 social libraries, the Shanghai aluminum AL2101 contract still has upside
.

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