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Shanghai aluminum recovery still needs to be observed Market trading is slightly light

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2206 contract, opening 20820 yuan / ton, the highest intraday 21030 yuan / ton, the lowest 20750 yuan / ton, settlement 20735 yuan / ton, the end closed at 20870 yuan / ton, up 135 yuan, an increase of 065%.

Shanghai aluminum

Today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:01 at 2987 US dollars / ton, up 18 US dollars, or 0.
61%,
from the previous trading day's settlement price.

Today's Shanghai aluminum is strong and volatile, domestic stimulus real estate policies to be fulfilled, coupled with domestic supply to maintain stability, and demand has not improved significantly, but the aluminum ingot social library is still dematerializing, overseas inventory steady decline trend has not changed, short-term support aluminum prices
.

In terms of the market, today's spot trading price of Yangtze River is 20820-20860 yuan / ton, up 70 yuan, and the discount is 25-15; Guangdong spot 20790-20850 yuan / ton, up 50 yuan, discount 55-liter 5; Hua reported 20870-20910 yuan / ton, up 70 yuan
.
Spot circulation is relaxed, holders actively follow the price adjustment and shipment, receivers are generally enthusiastic about purchasing, wait and see less mining, and the transaction is slightly light
.

At present, aluminum ingot inventory continues to destock, superimposed on the impact of the epidemic gradually weakened, downstream starts gradually recovered, market sentiment has warmed up, and last Friday Yunnan aluminum plant due to the accident to reduce production, short-term stimulation of market sentiment, aluminum prices in the shock repair stage
.
The recovery of Shanghai aluminum still needs to observe the strength
of the recovery of consumption.

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