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Shanghai aluminum hit a new high again, and the market trading performance was weak

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2106 contract opened at 18460 yuan / ton, the highest intraday 18655 yuan / ton, the lowest 18390 yuan / ton, settled 18525 yuan / ton, and closed at 18605 yuan / ton, up 260 yuan
.
Today's Shanghai aluminum trend is strong, energy consumption, environmental protection affect electrolytic aluminum production, the peak season is coming, inventory continues to deteriorate, aluminum prices in the second quarter are expected to further rise
.

Shanghai aluminum

In terms of external trading, today's Lun aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:01 at 2407.
5 US dollars / ton, up 3.
5 US dollars, or 0.
15%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18520-18560 yuan / ton, up 200 yuan; Guangdong South Reserve reported 18520-18580 yuan / ton, up 170 yuan; Hua reported 18620-18640 yuan / ton, up 180 yuan
.
Holders actively ship, downstream on-demand procurement, large households are generally enthusiastic about receiving goods, and the transaction performance is weak
.

The recent destocking performance shows that the peak season is just in good demand, although the supply has increased, but it is difficult to change the situation of destocking, and the downstream new orders can still be maintained in the short term, and it is necessary to pay attention to the new situation
in May and beyond.
In addition, supply-side concerns persist, prices have strong support, and recently affected by the strong overseas economic recovery and the weak US dollar, aluminum prices have rushed to new highs, macro and fundamental resonance situation has been realized, and prices are running
strongly.

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