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Shanghai aluminum rebounded lower after opening high, and the market trading atmosphere was not good

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

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Today's Shanghai aluminum main month 2111 contract, opening 24540 yuan / ton, the highest intraday 24765 yuan / ton, the lowest 23815 yuan / ton, settlement 23785 yuan / ton, the end of the close to 24695 yuan / ton, up 910 yuan
.
Today's Shanghai aluminum rebounded lower after opening high, the rise in overseas electricity costs has expanded concerns about aluminum supply, domestic coal prices have risen to the limit, lack of electricity and production restrictions and other factors continue to exist, electrolytic aluminum production continues to reduce production, multiple factors resonance support aluminum prices to rise
.

Shanghai aluminum

Today, after the Lun aluminum shock retreated, it continued to run strongly, and the LME reported at $3216 / ton at 15:01 Beijing time for three months, up $41, or 1.
28%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 24070-24110 yuan / ton, up 450 yuan; Guangdong South Reserve reported 24060-24120 yuan / ton, up 470 yuan; Hua reported 24130-24170 yuan / ton, up 450 yuan
.
Holders continue to dump goods to realize cash, the receiving party is not willing to enter the market with bearishness, the trading atmosphere is not good, and the overall transaction activity is sluggish
.

Overseas supply contraction continues to strengthen, European zinc plant production reduction (single ton of electricity consumption 3800Kwh) also makes the market to the subsequent aluminum plant (European power consumption per ton of 15474kwh) production reduction phenomenon further open, domestic coal prices up and down, lack of electricity and other factors affected, starting production capacity continues to reduce production, further support aluminum prices, spot aluminum prices or rise
.

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