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Shanghai aluminum trend is strong, peak season is expected to gradually materialize

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2107 contract opened at 18280 yuan / ton, the highest intraday 18615 yuan / ton, the lowest 18235 yuan / ton, settled 18400 yuan / ton, and closed at 18480 yuan / ton, up 185 yuan
.
Today's Shanghai aluminum trend is strong, social inventory is still declining, power restrictions and production restrictions bring supply reduction, capacity ceiling and carbon neutrality provide long-term support
.

Shanghai aluminum

Today, Lun aluminum bottomed out, and the LME three-month aluminum was reported at 2426.
5 US dollars / ton at 15:01 Beijing time, up 13 US dollars, or 0.
54%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18330-18370 yuan / ton, down 50 yuan; Guangdong South Reserve reported 18500-18560 yuan / ton, down 30 yuan; Hua reported 18460-18480 yuan / ton, down 20 yuan
.
Holders adjusted prices and sold off, the willingness to receive goods was not high, the enthusiasm of large households to receive goods was general, and the transaction activity declined
.

Since March, the social inventory of aluminum ingots has entered the destocking state, at a historically low level, and the peak season is expected to be gradually fulfilled, and the production of electrolytic aluminum enterprises has been disrupted due to the recent impact of power cuts in some areas, and spot aluminum prices are expected to rise
.

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