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Shanghai aluminum trend is strong, the basic face of price support still exists

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2106 contract opened at 18355 yuan / ton, the highest intraday 18490 yuan / ton, the lowest 18150 yuan / ton, settled 18345 yuan / ton, and closed at 18360 yuan / ton, up 105 yuan
.
Today's Shanghai aluminum trend is strong, peak season consumption performance is good, inventory is further degraded, electrolytic aluminum supply interference remains, fundamentals support prices strengthened
.

Shanghai aluminum

Today, Lun aluminum opened slightly lower and sharply higher, and the LME three-month aluminum Beijing time was reported at 2381.
5 US dollars / ton at 15:01, up 12.
5 US dollars, or 0.
53%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 18320-18360 yuan / ton, up 120 yuan; Guangdong South Reserve reported 18350-18410 yuan / ton, up 140 yuan; Hua reported 18440-18460 yuan / ton, up 140 yuan
.
The source of circulation is tightened, the enthusiasm of large households to receive goods is general, the downstream demand is acceptable, and the overall transaction is average
.

In terms of news, China is banning polluting industries, will cut coal use, will strictly control coal power projects, and interfere with the supply of electrolytic aluminum; The last period of aluminum stocks fell by 7420 tons to 377778 tons last week, the second consecutive week of decline, while aluminum ingot social stocks are also further degrading, and spot aluminum prices are expected to rise
.

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