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Shanghai aluminum fluctuated strongly, real estate policy boosted demand expectations

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

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Today's Shanghai aluminum main month 2204 contract, opening 22610 yuan / ton, the highest intraday 23140 yuan / ton, the lowest 22595 yuan / ton, settlement 22585 yuan / ton, the end closed at 22930 yuan / ton, up 345 yuan, up 1.
53%; The trading volume of the main 2204 contract of Shanghai aluminum increased by 80177 lots 299133 lots, and the position volume of 203494 increased by 64845 lots
.

Shanghai aluminum

Today, Lun aluminum rushed higher after a strong operation, LME three-month Beijing time at 15:01 at 3323 US dollars / ton, up 33 US dollars, or 1.
00%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22900-22940 yuan / ton, up 330 yuan; Guangdong South Reserve reported 22940-23000 yuan / ton, up 210 yuan; Hua reported 22960-23000 yuan / ton, up 330 yuan
.
The market transaction is general, the downstream receipt volume is small, the increase in arrival volume leads to an increase in the circulation of goods, and the holder sharply lowers the quotation to promote shipments
.

In terms of news, Hydro Brazilian aluminum plant cut production by another 110,000 tons, China's National Development and Reform Commission said on Friday that it will take measures to stabilize the commodity market, accelerate new infrastructure construction, and strive to promote stable industrial growth, while the loosening of housing loan policies in many places may promote the recovery of the real estate market, push up consumer demand and gradually recover, now aluminum or rise
.

Overall, today's Shanghai aluminum is strongly volatile, geopolitical tensions have escalated again, overseas aluminum supply shortages have intensified, domestic real estate policies have been relaxed, boosting downstream consumer demand to pick up, aluminum prices trend is strong
.

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