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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum rose before the festival in the short term is still mainly wait-and-see

    Shanghai aluminum rose before the festival in the short term is still mainly wait-and-see

    • Last Update: 2022-12-02
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 1608 contract opened at 11640 yuan, intraday high 11895 yuan low 11590 yuan, and closed at 11870, up 155 yuan / ton
    from the previous trading day.
    On the last trading day before the holiday, the downstream market stock demand is strong, today Shanghai aluminum rose sharply, at present, from the plate point of view short liquidation basically dominates, bulls have no intention of entering to chase up
    .

    Shanghai aluminum

    Abroad, the weakening of the US non-farm payrolls and LMCI in May dragged the dollar index down, and today's Lun aluminum rose sharply, with upper support focusing on $
    1650.
    At 16:23 Beijing time, the LME 3-month aluminum was $1592.
    5, up $
    27.
    5 from the previous session.

    In terms of the market, today's spot trading price of Yangtze River is 12210-12250 yuan / ton, up 20 yuan / ton; Guangdong South Reserve reported 12200-12300 yuan / ton, flat; Hua reported 12320-12340 yuan / ton, up 20 yuan / ton; The average domestic spot trading price is between
    12190-12230 yuan / ton.
    Today's aluminum rose slightly, holders gradually raised their quotations, small and long holidays downstream stocking is active, middlemen have also increased their efforts to replenish, and the overall transaction is more active
    .

    At present, many aluminum plants have plans to resume production, but the actual output is still low, but the recent resumption of alumina production capacity and the reduction of electricity prices in South China have become a speculation point for short funds to speculate in advance and the later supply release, and the expectation of new supply release in the second half of the year has been mapped to the current price decline
    .
    At present, the aluminum price broke 12,000 again, and there is still a good buying point to continue to explore, and the short-term is still wait-and-see
    .

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