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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum runs at a high level Aluminum ingots continue to reduce storage to support prices

    Shanghai aluminum runs at a high level Aluminum ingots continue to reduce storage to support prices

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2202 contract, opening 20300 yuan / ton, the highest intraday 20390 yuan / ton, the lowest 20165 yuan / ton, settlement 19870 yuan / ton, the end of the close to 20315 yuan / ton, up 445 yuan, up 2.
    24%; The trading volume of the main 2202 contract of Shanghai aluminum increased by 47818 lots 333447 the whole day, and the position of 232640 contracts increased by 9760 lots
    .
    Today's Shanghai aluminum is running at a high level, Europe has reproduced the escalation of the energy crisis, and the market has heated up concerns about the disruption of overseas aluminum supply, boosting aluminum prices sharply
    .

    Shanghai aluminum

    Today's Lun aluminum volatility rose, LME three-month Beijing time at 15:01 at 2844 US dollars / ton, up 22 US dollars, or 0.
    78%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 20030-20070 yuan / ton, up 500 yuan; Guangdong South Reserve reported 20130-20190 yuan / ton, up 510 yuan; China reported 20100-20140 yuan / ton, up 510 yuan
    .
    Holders are bullish and sell at high prices, the purchasing enthusiasm of the receiving party has rebounded, the trading activity is acceptable, and the overall transaction is average
    .

    In terms of fundamentals, domestic social inventories fell by 19,000 tons to 891,000 tons this week, and aluminum ingots continued to decline to support prices, but commodities were generally under pressure
    during the day due to the postponement of the US $1.
    75 trillion spending plan.
    On the supply side, according to data from the National Bureau of Statistics, domestic electrolytic aluminum production in October was 3.
    13 million tons, down 1.
    8%
    year-on-year.
    From a fundamental point of view, it is recommended to buy on the dip in the short term, and the height mainly depends on macro cooperation and the rhythm of market replenishment before the holiday
    .

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