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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum is weak to run, looking forward to the gold nine silver ten consumption season guidance

    Shanghai aluminum is weak to run, looking forward to the gold nine silver ten consumption season guidance

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2010 contract opened at 14570 yuan / ton, the highest intraday 14600 yuan / ton, the lowest 14445 yuan / ton, settled 14520 yuan / ton, and closed at 14505 yuan / ton, down 40 yuan
    .
    Today's Shanghai aluminum is running weakly, smelter profits remain high, production will increase in the third quarter, and there is pressure
    above aluminum prices.

    Shanghai aluminum

    In terms of external trading, today's Lun aluminum volatility downward, LME three-month aluminum Beijing time at 15:01 at 1783 US dollars / ton, down 10 US dollars, or 0.
    56%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 14580-14620 yuan / ton, down 70 yuan; Guangdong South Reserve reported 14740-14800 yuan / ton, down 40 yuan; Hua reported 14680-14700 yuan / ton, down 90 yuan
    .
    Shipments have tightened significantly, receiving goods has improved slightly, the enthusiasm of large households to receive goods is acceptable, and the activity of trading is average
    .

    Industry news, this morning, Yunnan Green Aluminum Innovation Industrial Park and 2.
    03 million tons of green aluminum project commissioning ceremony was held in Yanshan County, Wenshan Prefecture, Yunnan, which marked that Yunnan Hongtai New Materials Co.
    , Ltd.
    's 2.
    03 million tons of electrolytic aluminum production capacity transfer project officially entered the production stage
    .

    Overall, in terms of raw materials, alumina prices bottomed out, the current profits of the electrolytic aluminum industry have shrunk but are still at a high level, the demand side has entered the September consumption season, and demand is expected
    to improve marginally.
    The overseas economy is in the recovery stage, the economic data has improved, and we are paying close attention to the emergence
    of the inflection point of the epidemic.

    In the future, the market sentiment is biased towards neutrality, the supply-side production capacity is further released, the downstream start remains stable, looking forward to the guidance of the gold nine silver ten consumption season, the subsequent aluminum price is expected to maintain a high level of operation, while there is some support below Shanghai aluminum, and it is expected that Shanghai aluminum will continue to operate
    in the 14000-15000 range.
    Operationally, it is recommended to speculate long orders to hold cautiously, set protective stop losses, chase long and pay attention to the risk of high and large fluctuations, and new orders are recommended to wait and see
    .

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