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Shanghai aluminum fluctuated at a low level, and the market trading atmosphere weakened

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2201 contract, opening 19505 yuan / ton, the highest intraday 19630 yuan / ton, the lowest 19440 yuan / ton, settlement 19545 yuan / ton, the end of the close to 19600 yuan / ton, down 110 yuan, down 0.
56%; Today's Shanghai aluminum low volatility, Omicron virus swept Europe and the United States, causing many countries to sacrifice lockdown measures, market sentiment turned pessimistic, superimposed on the limited recovery of domestic demand, electrolytic aluminum social library continues to go to the warehouse difficult to maintain, the downward impact of costs will be more prominent
.

Shanghai aluminum

Today's London aluminum high in a narrow range, LME three-month Beijing time at 15:01 at 2683 US dollars / ton, up 20 US dollars, or 0.
77%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 19390-19430 yuan / ton, down 180 yuan; Guangdong South Reserve reported 19480-19540 yuan / ton, down 160 yuan; Hua reported 19450-19490 yuan / ton, down 160 yuan
.
Bearish cargo holders continue to adjust prices and shipments for cash, and receivers purchase low-priced goods on demand, the trading atmosphere weakens, and the overall transaction is not happy
.

At present, the soaring European electricity price coupled with the worsening of the epidemic increases the risk of shutdown, the ravages of Omicron have made many European countries tighten epidemic prevention measures, of which the Netherlands has been completely blocked, but the domestic alumina price fell to 3,000 yuan / ton to make the cost retreat, Shanghai aluminum under pressure pullback, now aluminum or fall.

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