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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum running at a high level needs to be vigilant against the risk of pullbacks

    Shanghai aluminum running at a high level needs to be vigilant against the risk of pullbacks

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2201 contract, opening 19200 yuan / ton, the highest intraday 19315 yuan / ton, the lowest 19120 yuan / ton, settlement 18895 yuan / ton, the end closed at 19210 yuan / ton, up 315 yuan, or 1.
    67%; The trading volume of the main 2201 contract of Shanghai aluminum decreased by 125049 lots 258396 lots throughout the day, and the position volume 166367 decreased by 7624 lots
    .
    Today's Shanghai aluminum is running at a high level, the domestic aluminum ingot social library continues to destock, while the output remains at a low level, superimposed on the macro policy is warm, which is good for non-ferrous metals, and the trend of aluminum prices is strong
    .

    Shanghai aluminum

    Today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:01 at 2653 US dollars / ton, down 5 US dollars, or 0.
    19%
    from the previous trading day's settlement price.

    In terms of macro, the Central Economic Work Conference mentioned that it is necessary to realize the transformation of "dual control" of energy consumption to dual control of total carbon emission and intensity as soon as possible, and the release of electrolytic aluminum production capacity will continue to be limited in the medium and long term; Overseas, due to the serious inflation problem in the United States, the Fed's 22-year interest rate hike expectations are stronger, the US index remains high, it is recommended to pay attention to this week's Fed FOMC meeting
    .

    In terms of the market, today's spot trading price of Yangtze River is 19030-19070 yuan / ton, up 380 yuan; Guangdong South Reserve reported 19100-19160 yuan / ton, up 370 yuan; Hua reported 19100-19140 yuan / ton, up 380 yuan
    .
    Cargo holders cover goods and sell at high prices, and receivers are bullish on on-demand purchases, and the actual trading is relatively weak
    .

    In terms of inventory, Lun aluminum inventory fell to a new low in nearly 15 years, domestic electrolytic aluminum social inventory continued to go to the warehouse for the third week to boost the trend of aluminum prices, the negative factors in inventory gradually eased, and the output maintained a low level is difficult to increase, now aluminum or rise
    .
    Domestic destocking beyond expectations, as well as maintaining low inventory levels overseas, giving strong support to aluminum prices, coupled with black tie-up, aluminum prices rose significantly on Monday, but due to the difficulty of significant improvement in demand near the end of the year, it is necessary to be vigilant against the risk of
    pullback.

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