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Shanghai aluminum trend is strong, fundamentals provide some support

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2011 contract opened at 14235 yuan / ton, the highest intraday 14480 yuan / ton, the lowest 14230 yuan / ton, settled 14400 yuan / ton, and closed at 14420 yuan / ton, up 220 yuan
.
Today's Shanghai aluminum trend is strong, Lun aluminum inventory during the holiday period steadily declined, domestic inventory continued to deteriorate, and fundamentals are supported
.

Shanghai aluminum

Today, LME three-month aluminum Beijing time at 15:10 at 1809.
5 US dollars / ton, up 10.
5 US dollars, or 0.
58%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14830-14870 yuan / ton, up 170 yuan; Guangdong South Reserve reported 14760-14820 yuan / ton, up 140 yuan; Hua reported 14940-14960 yuan / ton, up 170 yuan
.
The market supply is sufficient, the holders mainly sell at low prices, the demand performance is weak, and the overall transaction is average
.

Domestic inventories have been opened before the holiday, LME aluminum stocks have not changed, before the supply is significantly released, the fundamentals provide a certain degree of support, and spot aluminum prices are expected to rise
today.

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