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Shanghai aluminum runs weakly and there is pressure above

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2101 contract opened at 16085 yuan / ton, the highest intraday 16515 yuan / ton, the lowest 16085 yuan / ton, settled 16275 yuan / ton, and closed at 16315 yuan / ton, down 70 yuan
.
Today's Shanghai aluminum is running weakly, the market is concerned about whether the social inventory has opened the accumulation, the supply of electrolytic aluminum has maintained growth, and there is pressure
above the aluminum price.

Shanghai aluminum

Today's Lun aluminum trend is stronger, LME three-month aluminum Beijing time at 15:00 at 2042.
5 US dollars / ton, up 10.
5 US dollars, or 0.
52%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 16630-16670 yuan / ton, down 70 yuan; Guangdong South Reserve reported 16720-16780 yuan / ton, down 10 yuan; Hua reported 16770-16790 yuan / ton, down 40 yuan
.
The circulation source is tight, the market demand is acceptable, the enthusiasm of large households to receive goods is acceptable, and the transaction activity is average
.

Industry news, recently, Bahrain Aluminum (Alba) said that it has signed a memorandum of understanding
with Hangzhou Jinjiang Group Company.
Hangzhou Jin Jiang Group is a leading alumina producer in China with an annual production capacity of 10 million tons
of its brand.

Strong short-term market macro sentiment, stable inventory changes, strong aluminum price support; In the past two months, the trend accumulation still lacks a foundation, but considering that the seasonal accumulation in February is more certain, the bulls actively retreat, making the absolute price increase lack of driving factors, and the high volatility is the mainstay
.

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