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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum short-term high volatility The overall trading performance of the market is good

    Shanghai aluminum short-term high volatility The overall trading performance of the market is good

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2106 contract opened at 18505 yuan / ton, the highest intraday 18530 yuan / ton, the lowest 18310 yuan / ton, settled 18435 yuan / ton, and closed at 18480 yuan / ton, down 45 yuan
    .
    Today's Shanghai aluminum low volatility, high prices inhibit demand, processing enterprises to maintain stability, automobile production reduction affected some demand, but the past library shows that just demand is good, short-term aluminum prices high volatility
    .

    Shanghai aluminum

    Today's Lun aluminum is running weakly, LME three-month aluminum Beijing time at 15:01 at 2393 US dollars / ton, down 6 US dollars, or 0.
    25%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18380-18420 yuan / ton, down 140 yuan; Guangdong South Reserve reported 18390-18450 yuan / ton, down 130 yuan; Hua reported 18490-18510 yuan / ton, down 130 yuan
    .
    The circulation supply is abundant, the holders actively ship, the downstream on-demand procurement, the enthusiasm of large households to receive goods is general, and the overall transaction performance is good
    .

    Since the beginning of this year, oversupply concerns have weakened, electrolytic aluminum plants are close to full production and growth space is limited, but the current speed of aluminum ingot social inventory delocalization has slowed down, high prices have affected downstream consumption, and spot aluminum prices are expected to fall
    .

    On the macro front, the epidemic situation in India has intensified, and vaccination in Europe has accelerated; Eurozone and US preliminary manufacturing in April was better than expected, and economic recovery accelerated; The Biden administration's tax hike plan weighed on U.
    S.
    Treasury yields, and the dollar came under pressure
    .
    Overseas economic recovery accelerated, the US dollar was weak, and pre-holiday stocking demand was expected to support aluminum prices, but spot trading was weak in recent days, stocking demand has not appeared, and it is recommended to wait and see
    .

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