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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum has risen sharply and its consumption performance is average

    Shanghai aluminum has risen sharply and its consumption performance is average

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    On Wednesday, the main 2110 contract of Shanghai aluminum rose sharply, with the highest 22535 yuan / ton, the lowest 21950 yuan / ton, and the closing 22475 yuan / ton, up 2.
    95% from the previous trading day's closing price; LME aluminum is strongly volatile, as of 15:00 Beijing time, 3-month Lun aluminum reported 2838 US dollars / ton, up 1.
    68%
    from the previous trading day.

    Shanghai aluminum

    Market focus: (1) As of September 9, according to Mysteel statistics, China's electrolytic aluminum social inventory was 754,000 tons, an increase of 15,000 tons from this Monday (September 6), and 759,000 tons
    in the same period last year.
    (2) Fed Williams: Labor needs more progress to achieve "further substantial progress"
    toward the Fed's maximum employment goal.

    Spot analysis: SMM spot A00 aluminum reported 22210-22250 yuan / ton, the average price was 22230 yuan / ton, up 460 yuan
    per day.
    Changjiang Nonferrous Metal Network reported that the holders were bullish on price shipments, and the receiving party purchased at a low price, and the overall indifference to the high price and the trading atmosphere was cold
    .

    Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 80,395 tons, with a daily increase of 2,238 tons; LME stocks were 1325225 tonnes, down 9,000 tonnes
    per day.

    Main positions: the top 20 long positions of Shanghai aluminum 2110 contract held 171159 lots, minus 1526 lots per day, short positions 188375 lots, daily increase of 716 lots, net short positions of 17216 lots, daily increase of 2659 lots, short and net short increase, long decrease
    .

    Market Analysis: Fed officials released a dovish economic outlook, causing the dollar to parize its previous gains
    .
    Recently, electrolytic aluminum power rationing in Guizhou, Xinjiang and Guangxi has increased again, and affected by factors such as dual control of energy consumption and international events, the supply of raw materials for production such as bauxite and thermal coal continues to be tight, and the price is running
    firmly.
    In addition, the latest data show that the domestic electrolytic aluminum social inventory is slightly destocked, paying attention to the sustainability of
    aluminum ingot accumulation.
    The recent risk point is that the consumption performance under the high aluminum price is general, and the association has strictly stated that it curbs the irrational rise in aluminum prices and beware of the risk
    of a high pullback.

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