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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock is strong, there is obvious short-term pullback pressure

    Shanghai aluminum shock is strong, there is obvious short-term pullback pressure

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2009 contract opened at 14315 yuan / ton, the highest intraday 14450 yuan / ton, the lowest 14255 yuan / ton, settled 14365 yuan / ton, and closed at 14405 yuan / ton, up 45 yuan
    .
    Today's Shanghai aluminum shock is strong, primary aluminum production increased to a record high, inventories continue to increase slightly, short-term aluminum prices above the space is limited
    .

    Shanghai aluminum

    Today's Lun aluminum is running strongly, and the LME three-month aluminum is trading at 1767.
    5 US dollars / ton at 15:01 Beijing time, up 4 US dollars, or 0.
    23%,
    from the settlement price of the previous trading day.

    In terms of the market, today's spot trading price of Yangtze River is 14540-14580 yuan / ton, down 50 yuan; Guangdong South Reserve reported 14460-14520 yuan / ton, down 60 yuan; Hua reported 14650-14670 yuan / ton, down 60 yuan
    .
    The premium continued to narrow slightly, the enthusiasm of large households to receive goods was general, the middlemen and downstream purchased on demand, and the transaction was flat
    .

    Industry news, according to data from the National Bureau of Statistics, China's primary aluminum production in July was 3.
    1 million tons, an increase of 3.
    1% year-on-year, to a record high; From January to July, primary aluminum production was 21.
    13 million tons, a year-on-year increase of 2.
    5%.

    From the perspective of supply and demand, the domestic off-season inventory remained low in July and August and did not accumulate significantly, demand decreased slightly while supply continued to increase, and the marginal supply and demand structure weakened
    .
    However, due to the current low inventory and the rhythm of domestic production capacity release, aluminum prices are dominated by funds, and the game between strong reality and weak expectations is becoming increasingly intense
    .
    Until effective production is released, strong spot support from low inventories will remain
    .
    In the short term, due to the profit taking of long positions and the marginal change of market supply and demand, it is operationally recommended to take profit in a single stage, and there is obvious pullback pressure
    in the short-term market.

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