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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum shock rises The short-term pullback depth is limited

    Shanghai aluminum shock rises The short-term pullback depth is limited

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2109 contract, opening 19755 yuan / ton, the highest intraday 19970 yuan / ton, the lowest 19755 yuan / ton, settlement 19920 yuan / ton, the end of the close to 19950 yuan / ton, up 30 yuan
    .
    Today's Shanghai aluminum shock rises, although there is a continuous force to ensure supply and price stability, but the disturbance of aluminum supply continues, and electrolytic aluminum inventories continue to decline, which has strong support
    for aluminum prices.

    Shanghai aluminum

    Today, Lun aluminum fluctuated in a narrow range, and the LME was reported at $2,564 / ton at 15:01 Beijing time for three months, up $10, or 0.
    39%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 19840-19880 yuan / ton, down 20 yuan; Guangdong South Reserve reported 20010-20070 yuan / ton, down 40 yuan; Hua reported 19900-19940 yuan / ton, down 20 yuan
    .
    In the spot market, some of the holders ship at a high price, the receiver replenishes the goods on demand, the enthusiasm of large households to receive goods is general, and the transaction status is acceptable
    .
    Yangtze River Nonferrous Metal Network Tel: 0592-5668838

    In terms of news, the storage of aluminum ingots has arrived at the factory, and the country still maintains the stability of monetary policy, it is necessary to coordinate the convergence of macro policies and maintain economic operation in a reasonable range, aluminum prices are under upward pressure, and it is expected that aluminum will fall
    slightly.

    Affected by the expectation of the early start of TAPER in the United States, the daily non-ferrous close fell, Shanghai aluminum tried to rush higher with its good supply and demand but ultimately failed, crude oil led the LME to fall sharply after hours, and epidemic concerns re-entered trading, which had a negative
    impact.
    In terms of supply, Yunnan began to implement 30%, Guangxi joined, and the annual supply continued to decline
    from 39.
    32 million tons.
    August will enter the bottoming state, it will not be too bad, and the inventory in the peak season from September to November will go to a low level of 700,000 tons, which is still positive
    for the price push.
    The short-term recovery of transportation and the disruption of the epidemic are bearish, but the supply disruption supports aluminum prices, and the depth of the correction is limited
    .

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