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Shanghai aluminum opens low and goes high, and the actual transaction of the market is light

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

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Today's Shanghai aluminum main month 2110 contract, opening 22400 yuan / ton, the highest intraday 23290 yuan / ton, the lowest 22350 yuan / ton, settlement 22615 yuan / ton, the end of the close to 23080 yuan / ton, up 465 yuan
.
Today's Shanghai aluminum open low and go high, although the demand for downstream profile companies is weak and bearish aluminum prices, but the news of domestic power restrictions and production restrictions continues to increase concerns about aluminum supply, and the social inventory of aluminum ingots is still at a low level, which has some support
for aluminum prices.

Shanghai aluminum

Today's London aluminum is strongly volatile, LME three-month Beijing time at 15:01 at 2913 US dollars / ton, up 65 US dollars, or 2.
28%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22790-22830 yuan / ton, up 70 yuan; Guangdong South Reserve reported 22830-22890 yuan / ton, up 80 yuan; Hua reported 22850-22890 yuan / ton, up 80 yuan
.
The cargo holder actively ships at the high price, the receiver actively inquires the price, the enthusiasm of the large customer to receive the goods is general, and the actual transaction is light
.

Domestic downstream processing enterprise profits are squeezed, high aluminum prices limit downstream consumption, short-term optimism, and the State Reserve Bureau speaks the next round of reserve selling to suppress market sentiment, nonferrous metal industry association shouts aluminum price speculators and other news will suppress bullish sentiment, now aluminum or limited rise and fall
.

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