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Shanghai aluminum fluctuated at a high level, and the market transaction turned slightly weaker

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2106 contract opened at 18090 yuan / ton, the highest intraday 18315 yuan / ton, the lowest 18015 yuan / ton, settled 18175 yuan / ton, and closed at 18100 yuan / ton, up 110 yuan
.
Today's Shanghai aluminum high volatility, scrap aluminum imports in March soared 199.
35% to 113985 tons, domestic recycled aluminum supply is also rising, but peak season consumption is strong, has entered the destocking cycle, short-term aluminum prices remain high
.

Shanghai aluminum

Today, LME three-month aluminum was reported at 2354 US dollars / ton at 15:01 Beijing time, down 11.
5 US dollars, or 0.
49%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18170-18210 yuan / ton, up 160 yuan; Guangdong South Reserve reported 18200-18260 yuan / ton, up 110 yuan; Hua reported 18270-18290 yuan / ton, up 140 yuan
.
Holders actively ship, downstream cautious on-demand procurement, large households generally receive goods, and the overall transaction is average
.

At present, the price of recycled aluminum is still at a relatively high level, the downstream receiving sentiment is not positive, just need to purchase, in addition, the company's feedback orders have begun to weaken, the transaction has slightly weakened, recycled aluminum and aluminum price momentum is insufficient, the cost side is also under pressure
.
In the near future, the "weak supply and demand" situation of the recycled aluminum market has not changed, and short-term prices are mainly
stable.

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