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Shanghai aluminum lacks upward momentum and weakens

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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titanium spot price

cost price

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Today's Shanghai aluminum main month 2211 contract, opening 18695 yuan / ton, the highest intraday 18810 yuan / ton, the lowest 18530 yuan / ton, settlement 18645 yuan / ton, the end of the close to 18565 yuan / ton, down 80 yuan, down 0.
43%.

Shanghai aluminum

Today's Lun aluminum low fluctuated in a narrow range, and the LME was reported at 2316 US dollars / ton at 15:01 Beijing time for three months, down 14 US dollars, or 0.
60%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18560-18600 yuan / ton, down 60 yuan, discount 35-liter 5; Guangdong spot 18700-18760 yuan / ton, down 90 yuan, premium 105-liter 165; Hua reported 18610-18650 yuan / ton, down 60 yuan
.
Today's market is bearish, holders follow the market price adjustment shipments, receivers kill the fall to receive limited goods, the trading atmosphere is still general, the transaction performance is slightly poor
.

Today's Shanghai aluminum opened high downward, the intraday trend is weak, the market panic is aggravated, although the inventory continues to decrease, but traders are pessimistic about the future market expectations, superimposed cost support has signs of weakening, Shanghai aluminum lack of upward momentum turned weak
.

At present, China's real estate policy is favorable to support market risk sentiment, Yunnan power problems are still there, supply is still unstable, and low accumulation is expected to be supported, aluminum prices have the momentum to explore, is expected to break through the possibility of 19,000 yuan, and aluminum is expected to rise
.

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Shanghai aluminum lacks upward momentum and demand performance weakens

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Shanghai aluminum lacks upward momentum and weakens

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Shanghai aluminum lacks upward momentum and demand performance weakens