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Shanghai aluminum short-term weak operation upside is limited

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2206 contract, opening 20400 yuan / ton, the highest intraday 20510 yuan / ton, the lowest 19985 yuan / ton, settlement 20710 yuan / ton, the end of the close to 20010 yuan / ton, down 700 yuan, down 3.
38%.

Shanghai aluminum

Today's London aluminum volatility is lower, LME three-month Beijing time at 15:01 at 2910 US dollars / ton, down 26 US dollars, or 0.
90%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20280-20320 yuan / ton, down 420 yuan, discount 55-discount 15; Guangdong South Reserve reported 20320-20380 yuan / ton, down 390 yuan, discount 25-discount 35; Hua reported 20330-20370 yuan / ton, down 420 yuan
.
The trading performance of the spot market has improved, the price adjustment of the holder stimulates shipments, the enthusiasm of the receiving party has increased, and the willingness to enter the inquiry for procurement, the overall transaction is acceptable
.

Industry news, foreign media news on May 5: Norwegian aluminum producer Norsk Hydro reported that due to soaring aluminum prices, the company's first-quarter profit hit a new high, exceeding expectations
.

Today's Shanghai aluminum low volatility, the dollar index soared again nearly 20 years high, the market atmosphere turned sad, aluminum prices under pressure downward, coupled with the continuous recovery of the domestic supply side and the new thermal coal price is about to be implemented, weakening the upward space of aluminum prices, aluminum prices short-term weak operation
.

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