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Shanghai aluminum still bucked the trend and the price fluctuated to close higher

 Last Update: 2022-12-26
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2211 contract, opening 18310 yuan / ton, the highest intraday 18600 yuan / ton, the lowest 18300 yuan / ton, settlement 18280 yuan / ton, the end closed at 18565 yuan / ton, up 285 yuan, or 1.
56%.

Shanghai aluminum

Today, Lun aluminum opened lower and went low, and the LME was reported at $2265 / ton at 15:01 Beijing time for three months, down $21, or 0.
92%,
from the settlement price of the previous trading day.

Today's Shanghai aluminum gap high, intraday strong operation, macro continued to deteriorate, Shanghai aluminum is still against the trend, European energy problems caused some European aluminum enterprises to shut down, may trigger aluminum market supply concerns, coupled with a number of domestic favorable policies to implement, so that demand is expected to improve, the period aluminum closed sharply higher
.

In terms of the market, today's spot trading price of Yangtze River is 18580-18620 yuan / ton, up 250 yuan, discount 55-discount 15; Guangdong spot 18580-18640 yuan / ton, up 240 yuan, discount 55-liter 5; Hua reported 18630-18670 yuan / ton, up 260 yuan
.
On the first trading day after the holiday, the spot market was fully supplied, holders actively shipped at high prices, downstream demand decreased under heights, and the overall transaction performance was poor
.

At present, domestic fundamentals have formed a micro-positive situation due to supply production reduction and cost upward shift, and macro interest rate hike recession trading has become the main negative factor
.
Continue to pay attention to the 18000, 19000 support and pressure levels, the market is difficult to see a clear trend
until it receives definitive news.

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