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Shanghai aluminum opened high and went high, and the market consumption in the later period was good

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

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Today's Shanghai aluminum main monthly 2110 contract, opening 22725 yuan / ton, the highest intraday 23895 yuan / ton, the lowest 22725 yuan / ton, settlement 22620 yuan / ton, the end of the close to 23610 yuan / ton, up 990 yuan
.
Today's Shanghai aluminum opened high, the global aluminum supply tension is difficult to alleviate in the short term, and the domestic continuous increase in power rationing and production and dual control of energy consumption, continues to interfere with the release of electrolytic aluminum production capacity, superimposed on the current aluminum ingot inventory is still at a low level, so that aluminum prices continue to soar
.

Shanghai aluminum

Today's London aluminum is in a narrow range, LME three-month Beijing time at 15:01 at 2958 US dollars / ton, up 30 US dollars, or 1.
04%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 23390-23430 yuan / ton, up 750 yuan; Guangdong South Reserve reported 23440-23500 yuan / ton, up 750 yuan; Hua reported 23450-23490 yuan / ton, up 770 yuan
.
The bullish sentiment of the holders is high, and they actively ship, while the receiver purchases at a low price, and the enthusiasm of large households to receive goods is general, and the overall transaction is average
.

Industry news, local time on September 8-10, at the Harbor Aluminum Summit in Chicago, many participants said that supply shortages will continue to plague the industry for most of next year, and some participants even expect it may take up to five years to solve the supply problem
.

In terms of news, in August, aluminum exports increased, domestic electrolytic aluminum production capacity reduction range further expanded, in addition to Xinjiang, Guangxi, Shaanxi, Ningxia and other regions production capacity also continued to be unable to release, and the market entered the traditional consumption season, it is expected that the later market consumption is good, now aluminum or rise
.

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