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Shanghai aluminum running at a high level Supply disturbances still need to be cautious

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2203 contract, opening 21190 yuan / ton, the highest intraday 21640 yuan / ton, the lowest 21115 yuan / ton, settlement 21130 yuan / ton, the end closed at 21525 yuan / ton, up 395 yuan, up 1.
87%; The trading volume of the main 2203 contract of Shanghai aluminum increased by 38431 lots 326642 lots, and the position volume of 216408 increased by 9611 lots
.
Today's Shanghai aluminum is running at a high level, and downstream consumer demand is weakening near the Spring Festival holiday, but the overall inventory accumulation is weaker than expected, and supply disturbances still need to be cautious, and aluminum prices are running
strongly.

Shanghai aluminum

Today's London aluminum shock rebounded, LME three-month Beijing time at 15:01 at 3113 US dollars / ton, up 18 US dollars, or 0.
57%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 21570-21610 yuan / ton, up 430 yuan; Guangdong South Reserve reported 21560-21620 yuan / ton, up 420 yuan; Hua reported 21620-21660 yuan / ton, up 420 yuan
.
Holders changed from downward to upward quotations, receivers waited and saw less procurement, large households still did not have high enthusiasm for receiving goods, and the overall trading volume was relatively average
.

At present, the conflict between Russia and Ukraine has shaken the global capital market, Rusal is one of the main producers of aluminum, the market is worried about the supply of Rusal, in addition to the energy shortage in Europe and the low social inventory of aluminum ingots in China, all of which have boosted the strong trend of aluminum prices, and spot aluminum is expected to rise
.

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