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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum runs low, market optimism cools

    Shanghai aluminum runs low, market optimism cools

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2106 contract opened at 19685 yuan / ton, the highest intraday 19910 yuan / ton, the lowest 19545 yuan / ton, settled 19715 yuan / ton, and closed at 19675 yuan / ton, down 260 yuan
    .
    Today's Shanghai aluminum is running low, market optimism has cooled, the strengthening of the dollar has suppressed metals, micro consumption has performed well, social inventories are still degrading, and there is still some support
    in fundamentals.

    Shanghai aluminum

    Today, LME three-month aluminum fell back to 2486 US dollars / ton at 15:01 Beijing time, down 10 US dollars, or 0.
    40%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 19790-19830 yuan / ton, down 150 yuan; Guangdong South Reserve reported 19870-19930 yuan / ton, down 140 yuan; China reported 19910-19930 yuan / ton, down 160 yuan
    .
    The source of circulating goods has increased, the holders generally raise prices, the enthusiasm of large households to receive goods is better, and the transaction is stable and improving
    .

    For the current trend of aluminum prices, the bullish psychology is more obvious, but the cautious mentality is more obvious with the continuous rise of aluminum prices, and the regulatory risk at the policy level has become one of the
    important factors of the current market uncertainty risk.
    Looking forward to the future market, aluminum prices will continue to remain high in the case of limited supply increment, but at the same time, the risk of price correction is not ruled out when the storage has not yet
    landed.

    Recently, due to the rapid rise in aluminum prices, downstream processing enterprises are afraid of heights, and the market circulation is not good, but from the perspective of downstream orders, the current order volume is sufficient, and demand is still good, supporting aluminum prices
    .
    Therefore, it is expected that domestic electrolytic aluminum will maintain a slight destocking trend in May, but the destocking rate may be difficult to increase
    .
    At the same time, the electrolytic aluminum industry in May and June may usher in a concentrated production period, or usher in a boom
    in supply and demand.
    Overseas, they continue to pay attention to vaccination and epidemic control
    .

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