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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opened high and went high, and market risk sentiment strengthened

    Shanghai aluminum opened high and went high, and market risk sentiment strengthened

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2104 contract opened at 16670 yuan / ton, the highest intraday 17635 yuan / ton, the lowest 16670 yuan / ton, settled 17230 yuan / ton, and closed at 17480 yuan / ton, up 840 yuan
    .
    Today's Shanghai aluminum opened high, touching a nine-and-a-half-year high during the session, there are rumors that aluminum plants may reduce production, production reduction is still uncertain, the macro atmosphere is overall warm, risk sentiment is stronger
    .

    Shanghai aluminum

    Today, LME three-month aluminum Beijing time at 15:00 at 2233 US dollars / ton, up 30 US dollars, or 1.
    36%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 17540-17580 yuan / ton, up 820 yuan; Guangdong South Reserve reported 17530-17590 yuan / ton, up 820 yuan; Hua reported 17650-17670 yuan / ton, up 820 yuan
    .
    Holders sell at a high price, receivers are afraid of heights, large households are less motivated to receive goods, and the transaction activity is average
    .

    Downstream enterprises returned after the holiday to partially resume work, but the overall demand is still far from recovery, while the rapid rise in prices, downstream consumption performance is average, pay attention to the progress of
    resumption of work.
    In the medium term, the pace of production in Yunnan after the holiday will accelerate compared with before the holiday, and the trend of continuous supply growth has not changed, but the consumer side is expected to be more optimistic, and major sectors such as real estate, automobiles, and photovoltaics are still expected to drive in the peak season, and the peak season will still enter the destocking situation
    .
    At the same time, the recent overseas epidemic control, economic recovery and fiscal stimulus policies will give strong support to prices at the macro level, and aluminum prices are expected to maintain an upward trend
    .

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