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Shanghai aluminum has limited upside and short-term shocks

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

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Today's Shanghai aluminum main month 2203 contract, opening 21250 yuan / ton, the highest intraday 21690 yuan / ton, the lowest 21235 yuan / ton, settlement 21195 yuan / ton, the end of the close to 21555 yuan / ton, up 360 yuan, up 1.
70%; The main 2203 contract of Shanghai aluminum increased by 24,635 lots to 211,100 lots throughout the day, and the position volume 221867 increased by 82,133 lots
.

Shanghai aluminum

Today's London aluminum volatility trend, LME three-month Beijing time at 15:01 at 3022 US dollars / ton, up 2 US dollars from the previous trading day's settlement price, an increase of 0.
05%.

In terms of the market, today's spot trading price of Yangtze River is 21620-21660 yuan / ton, up 450 yuan; Guangdong South Reserve reported 21590-21650 yuan / ton, up 440 yuan; Hua reported 21680-21720 yuan / ton, up 440 yuan
.
The price adjustment range of the cargo holders is different, the receiving party just needs to purchase, the enthusiasm of large households to receive goods is general, and the overall transaction is weak
.

Today's Shanghai aluminum trend is strong, European energy problems still exist, domestic alumina prices rise, superimposed on thermal coal sharply higher to boost aluminum prices, but the Spring Festival holiday downstream consumption is expected to weaken, aluminum prices upside is limited, short-term shocks are dominant
.

Recently, domestic aluminum imports hit a record high last year, the demand outlook is optimistic, the large-scale reduction in alumina production has caused the price of alumina to rise sharply, superimposed on the rise of thermal coal, the entire market atmosphere is good, now aluminum or rise
.

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