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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum high opening oscillation limited the range of rise

    Shanghai aluminum high opening oscillation limited the range of rise

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2201 contract, opening 19770 yuan / ton, the highest intraday 19890 yuan / ton, the lowest 19600 yuan / ton, settlement 19530 yuan / ton, the end of the close to 19625 yuan / ton, up 95 yuan, or 0.
    49%; The trading volume of the main 2201 contract of Shanghai aluminum decreased by 92,858 lots 213429 the whole day, and the position 204587 increased by 69,471 lots
    .
    Today's Shanghai aluminum high opening volatility, aluminum ingot social library continued to decline, aluminum prices were boosted, but the afternoon metal market turned sad, the increase was limited
    .

    Shanghai aluminum

    Today, Lun aluminum fluctuated downward, LME three-month Beijing time at 15:01 at 2694 US dollars / ton, down 39 US dollars, or 1.
    43%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 19570-19610 yuan / ton, up 190 yuan; Guangdong South Reserve reported 19640-19700 yuan / ton, up 190 yuan; Hua reported 19610-19650 yuan / ton, up 200 yuan
    .
    The cargo holder adjusted the price and shipped the goods, the receiver undermined the price and undermined, the transaction was cold, and the overall transaction was not good
    .

    In terms of fundamentals, affected by the steady increase in downstream demand, the social treasury has continued to degrade
    recently.
    According to the survey, some profile companies in the north have shown signs of reducing production due to cold winter, but due to the temporary unlimited power constraints in the north, the downstream increase in procurement after the stabilization of aluminum prices to hedge the reduced consumption due to the reduction in production, while the southern region has also increased procurement, so the continuous dematerialization
    can be seen from the social treasury.
    However, the recent increase in aluminum prices is large, the spot discount is widening, aluminum rod and aluminum rod processing fees are down, downstream follow-up procurement willingness or reduced, it is expected that the second half of the month will accumulate the social library, aluminum prices will be weak.

    It is recommended to pay attention to factors such as the release of hidden stocks in the north, aluminum export tax rebates, and environmental protection policies for the Winter Olympics
    .

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