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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum is mainly in the short and medium term or wide range

    Shanghai aluminum is mainly in the short and medium term or wide range

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2209 contract, opening 18630 yuan / ton, the highest intraday 18830 yuan / ton, the lowest 18575 yuan / ton, settlement 18500 yuan / ton, the end closed at 18685 yuan / ton, up 185 yuan, or 1.
    00%.

    Shanghai aluminum

    Today's London aluminum volatility trend, LME three-month Beijing time at 15:01 at 2474 US dollars / ton, up 2 US dollars from the previous trading day's settlement price, an increase of 0.
    06%.

    In terms of the market, today's spot trading price of the Yangtze River is 18780-18820 yuan / ton, up 320 yuan, discount 125-discount 85; Guangdong spot 18610-18670 yuan / ton, up 330 yuan, discount 295-discount 235; Hua reported 18820-18860 yuan / ton, up 310 yuan
    .
    Cargo holders mostly choose to reduce shipments, receivers mostly purchase at low prices, large households are generally enthusiastic about receiving goods, and the overall prosperity is average
    .

    Today's Shanghai aluminum high operation, yesterday a Sichuan aluminum plant sudden accident or production reduction, the aluminum price has been boosted, and the European energy crisis is still fermenting, smelters are difficult to resume production in the short term and there is a trend of further expansion of production reduction, but the fundamentals of Shanghai aluminum are still weak, the pattern of strong supply and demand has not changed for the time being, and the momentum of aluminum prices is insufficient
    .

    At present, the overall atmosphere of the aluminum market is empty, and most aluminum companies have greater cost pressure, and even have an inversion phenomenon, but at present, the rhythm of resuming production in many places has not been significantly affected, and the supply pressure is still there; Under the lack of new orders in the off-season cycle and the continued downturn in terminal real estate, the degree of recovery still needs time to be released, and the inflection point of aluminum ingot accumulation last week and the social treasury this week showed a state of poor destocking
    .
    Aluminum prices may continue to operate weakly, paying attention to the trend of domestic aluminum ingot inventories and the disturbance of overseas energy prices to the supply side
    .

    On the whole, the long-short pull of electrolytic aluminum fundamentals has intensified, and the weak reality of poor demand has deviated from peak season expectations and the marginal relaxation of macro sentiment, and it is expected that aluminum prices will fluctuate in a wide range in the short and medium term
    .

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