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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum low oscillations around the moving average, the future market is still optimistic

    Shanghai aluminum low oscillations around the moving average, the future market is still optimistic

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2106 contract opened at 18005 yuan / ton, the highest intraday 18100 yuan / ton, the lowest 17870 yuan / ton, settled 17990 yuan / ton, and closed at 18000 yuan / ton, down 130 yuan
    .
    Today's Shanghai aluminum low around the average oscillation, global primary aluminum production rose, but the average daily output fell, the Ministry of Industry and Information Technology required strict control of new production capacity, social inventory continued to deteriorate, aluminum prices still have optimistic expectations
    .

    Shanghai aluminum

    Today's London aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:01 at 2315.
    5 US dollars / ton, up 2 US dollars, or 0.
    09%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18010-18050 yuan / ton, down 100 yuan; Guangdong South Reserve reported 18090-18150 yuan / ton, down 60 yuan; Hua reported 18130-18150 yuan / ton, down 80 yuan
    .
    The supply of circulating goods is tight, the receiving party actively enters the market, the enthusiasm of large households to receive goods is general, and the transaction performance is acceptable
    .

    In terms of news, the latest data from the International Aluminum Association (IAI) shows that global primary aluminum production increased to 5.
    725 million tons in March, and China's production is expected to rise to 3.
    31 million tons in March; aluminum imports increased sharply as scheduled, limiting the speed of inventory decomposition, and spot aluminum prices are expected to fall
    today.

    Under the current historical absolute high price, the short-term rapid rise makes it take time to digest the downstream, and the suppression of consumption is obvious, or the price has fallen
    .
    However, under the strong performance of domestic rigid demand and the continuous recovery overseas, the high foundation of aluminum prices is solid, maintaining a strong volatility situation, it is recommended not to blindly chase higher, and you can buy
    it when there is a pullback.

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