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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum narrow range volatility spot market trading is general

    Shanghai aluminum narrow range volatility spot market trading is general

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Yesterday's domestic aluminum slightly repaired the previous decline, the main contract of Shanghai aluminum received support around 20,550 yuan / ton overnight, and the daily rebound was blocked at 20,830 yuan / ton
    .
    Specifically, yesterday's main contract 2206 opened at 20545 yuan / ton, the highest price of the day was 20830 yuan / ton, the lowest was 20540 yuan / ton, and the close was 20765 yuan / ton, up 105 yuan, or 0.
    5%,
    from the previous trading day's closing price.

    Shanghai aluminum

    Yesterday, LME three-month aluminum opened at $3071.
    5 / ton, the lowest test to $3055.
    3 / ton after trying to rebound, but the upper resistance is obvious
    .
    As of 17:15 Beijing time, the price of Lun aluminum in March was temporarily 3115.
    5 US dollars / ton, up 35.
    5 US dollars or 1.
    15%
    during the day.

    Yesterday's aluminum prices fluctuated in a narrow range, and the spot market traded generally
    .
    Approaching the May Day holiday, the downstream concentrated stocking rhythm has not yet appeared, the morning South China spot market trading is general, the actual transaction to SMM Foshan aluminum price discount 30 to 10 yuan / ton ton, the absolute transaction price concentrated in 20790-20840 yuan / ton
    .

    Overseas, Russia announced that it would stop supplying natural gas to Poland, which led to a sharp rise in natural gas prices in Europe and continued to pay attention to the shutdown of
    overseas aluminum plants.
    In terms of domestic supply, the starting capacity of electrolytic aluminum supply continued to rise, and the increase in production capacity slowed down slightly, but the release of output continued to increase, and the supply pressure continued
    .
    Recently, under the policy intervention, transportation in some areas has improved slightly, and enterprises have begun to resume work and production, but consumption has not returned to normal levels
    .
    According to customs data in March, the export data of primary aluminum and aluminum products increased year-on-year, and it is necessary to pay attention to the interference of the epidemic on port unloading and shipping
    .

    In terms of inventory, domestic social library data showed a slight destocking of inventory, and overseas inventories fell to about 580,000 tons, at a historical low
    .
    As of April 25, domestic aluminum ingot stocks were 1.
    016 million tons, down 05,000 tons
    from the previous week.
    As of April 26, LME aluminum stocks were -05,000 tonnes to 574,500 tonnes
    from the previous session.

    In terms of price, the current aluminum market has a phased mismatch between supply and demand affected by the epidemic, but the decline in aluminum prices before the holiday may stimulate the downstream replenishment, and it is recommended to treat it with a wait-and-see approach in the short term
    .

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