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Shanghai aluminum running at a high level The overall trading of the market has improved slightly

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

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Today's Shanghai aluminum main month 2204 contract, opening 22890 yuan / ton, the highest intraday 23025 yuan / ton, the lowest 22840 yuan / ton, settlement 22650 yuan / ton, the end closed at 22955 yuan / ton, up 305 yuan, up 1.
35%.

Shanghai aluminum

Today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:01 at 3490 US dollars / ton, up 4 US dollars, or 0.
13%,
from the previous trading day's settlement price.

Today's Shanghai aluminum high operation, the Russian-Ukrainian conflict caused natural gas soared, and further strengthened the European aluminum smelter production reduction expectations, aggravated the market concerns about aluminum supply to promote aluminum prices, but domestic demand under high prices is limited and electrolytic aluminum production climbing, the upside of aluminum prices is limited
.

In terms of the market, today's spot trading price of Yangtze River is 22840-22880 yuan / ton, up 300 yuan; Guangdong South Reserve reported 22790-22850 yuan / ton, up 280 yuan; Hua reported 22880-22920 yuan / ton, up 300 yuan
.
There are still many sources of spot circulation, holders are unable to hold prices, receivers purchase at low prices, low-priced sources are transacted, and the overall transaction is slightly better
.

In terms of news, the current restrictions on transportation to and from Russia have caused the closure of alumina plants, because the Black Sea and surrounding areas of logistics traffic are challenged by the shutdown, disrupting the supply of aluminum to global customers, coupled with the surge in domestic thermal coal prices to push aluminum prices up, the rise in cost support will swallow the profits of smelters, and aluminum may rise
.

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