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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum reappeared strong Market transaction activity is average

    Shanghai aluminum reappeared strong Market transaction activity is average

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2101 contract opened at 16,000 yuan / ton, the highest intraday 16,405 yuan / ton, the lowest 16,000 yuan / ton, settled 16,215 yuan / ton, and closed at 16,335 yuan / ton, up 345 yuan
    .
    Today, Shanghai aluminum is back strong, the recent environmental protection restrictions have inhibited the production of alumina and aluminum, and the total inventory is at a low level, and aluminum prices are still supported
    .

    Shanghai aluminum

    Today's London aluminum volatility strengthened, LME three-month aluminum Beijing time at 15:00 at 2045 US dollars / ton, up 9 US dollars, or 0.
    44%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 16600-16640 yuan / ton, up 210 yuan; Guangdong South Reserve reported 16610-16670 yuan / ton, up 240 yuan; Hua reported 16700-16720 yuan / ton, up 200 yuan
    .
    The circulation supply is sufficient, the downstream procurement demand is general, the enthusiasm of large households to receive goods is acceptable, and the transaction activity is average
    .

    In terms of inventory, the latest LME aluminum inventory was 1338575 tons, down 5,375 tons from the previous trading day; The aluminum warehouse receipt of the previous period was 83,647 tons, down 374 tons
    from the previous trading day.

    On the macro front, China's CPI fell 0.
    5% year-on-year in November, hitting an 11-year low; Expected growth of 0%, previous value growth of 0.
    5%.

    China's November PPI fell 1.
    5% year-on-year, down 1.
    8% expected and down 2.
    1%
    in the previous month.
    China's social financing scale increased by 2.
    13 trillion yuan in November, and it is expected to be 2.
    075 billion yuan, compared with 1.
    42 trillion yuan
    in the previous month.
    China added 1.
    43 trillion yuan in new yuan loans in November, compared with 1.
    45 trillion yuan expected and 689.
    8 billion yuan in the previous month.

    Yesterday's non-ferrous sector trend divergence, Shanghai aluminum continued to adjust
    downward.
    Due to the high consumption growth rate and the gap between supply and demand, the inflow of imported aluminum ingots has become a key variable to regulate supply, and imported goods are expected to arrive in Hong Kong
    in mid-to-late December.
    In the later period, with the inflow of goods and the weakening of downstream consumption, Shanghai aluminum faced pullback pressure, short-term domestic announcement of social financing scale slightly exceeded expectations, improved risk appetite, Shanghai aluminum returned to the competition above 10,000 six, focusing on the inventory data
    released on Thursday.
    From a medium-term perspective, the long-term new production landing is lower than expected, and this year's high consumption base guarantees the total long-term consumption, greatly alleviating the long-term supply pressure, and the medium-term aluminum price has turned to a volatile view
    .

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