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Shanghai aluminum low volatility The market is optimistic about aluminum demand after the holiday

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2103 contract opened at 14980 yuan / ton, the highest intraday 15070 yuan / ton, the lowest 14920 yuan / ton, settled 14985 yuan / ton, and closed at 14965 yuan / ton, down 130 yuan
.
Today's Shanghai aluminum low level shock, domestic demand at the end of the year weakened, downstream enterprises have stopped production, social inventory continues to accumulate, and the supply side may still have a little increment
.

Shanghai aluminum

In terms of external trading, today's Lun aluminum opened high and low, LME three-month aluminum Beijing time at 15:00 at 1963.
5 US dollars / ton, down 7.
5 US dollars, or 0.
38%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15000-15040 yuan / ton, down 170 yuan; Guangdong South Reserve reported 14970-15030 yuan / ton, down 170 yuan; Hua reported 15120-15140 yuan / ton, down 160 yuan
.
The supply of circulating goods is sufficient, traders are waiting and seeing, the enthusiasm of large households to receive goods is general, and the transaction performance remains weak
.

Following the sharp rise in aluminum prices on Friday night, aluminum ingot inventories accumulated on Monday, and aluminum prices also fell
as scheduled.
Standing at the current point, the rhythm of downstream enterprise stockpiling determines the short-term trend, short-term stocking increases, aluminum prices first rebound, wait for the completion of downstream stocking, near the Spring Festival is expected to increase the accumulation of aluminum ingots, then aluminum prices will still fall
.
However, in the medium and long term, aluminum demand after the Spring Festival is optimistic
.

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