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Shanghai aluminum low volatility gold nine silver ten can still be expected

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2010 contract opened at 14335 yuan / ton, the highest intraday 14380 yuan / ton, the lowest 14180 yuan / ton, settled 14285 yuan / ton, and closed at 14270 yuan / ton, down 115 yuan
.
Today's Shanghai aluminum low volatility, gold nine silver ten can still be expected, electrolytic aluminum is expected to restart destocking, there is support
below the aluminum price.

Shanghai aluminum

In the external market, today's Lun aluminum fluctuated to the upside, LME three-month aluminum Beijing time at 15:01 at 1783 US dollars / ton, up 7 US dollars, or 0.
39%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14460-14500 yuan / ton, down 50 yuan; Guangdong South Reserve reported 14500-14560 yuan / ton, down 70 yuan; Hua reported 14560-14580 yuan / ton, down 70 yuan
.
Holders are more willing to raise prices, large households actively receive goods, downstream purchases increase, and traders are happy
.

In terms of consumption, the marginal consumption margin of electrolytic aluminum has weakened since August, and cable orders have declined
significantly.
Electrolytic aluminum inventories have also accumulated due to weaker consumption, but from the perspective of accumulation range, the order of magnitude is not high
.
Subsequently, with the advent of the gold nine silver ten consumption season, consumption will be boosted to a certain extent, the accumulation trend will not be sustainable, and low inventory is still the strongest support
for aluminum prices.
It is expected that the recent aluminum price volatility is mainly weak, and investors will wait and see
for the time being.

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