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Shanghai aluminum opened high and downward, short-term trend or weak shock

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2110 contract, opening 23565 yuan / ton, the highest intraday 23635 yuan / ton, the lowest 22745 yuan / ton, settlement 23370 yuan / ton, the end closed at 23100 yuan / ton, down 270 yuan
.
Today's Shanghai aluminum high opening after the downward, energy consumption dual control and power restrictions and production restrictions continue to impact, but high aluminum prices inhibit downstream consumption, coupled with the arrival of storage sources in September, short-term to make up for the gap on the supply side, aluminum price trend will be weak
.

Shanghai aluminum

Today, Lun aluminum fell in shock, and the LME was reported at $2,920 / ton at 15:01 Beijing time for three months, down $36, or 1.
20%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 22900-22940 yuan / ton, down 390 yuan; Guangdong South Reserve reported 22930-22990 yuan / ton, down 390 yuan; Hua reported 22950-22990 yuan / ton, down 400 yuan
.
The cargo holder lowered the shipment payment, the receiver pressed the price and waited and watched, purchased on demand, the trading atmosphere was light, and the transaction activity was average
.

At present, the market continues to focus on the impact of power rationing and dual control of energy consumption, Yunnan, Guangxi, Guizhou, Xinjiang, Shaanxi and other smelters have successively reduced production, while power rationing has also affected consumption areas, so that the operating rate of enterprises is not high, resulting in the phenomenon of low peak season is becoming more and more obvious, the supply side is still tight, and aluminum may continue to rise
.

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