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Shanghai aluminum trend is strong, the off-season accumulation has not yet started

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

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Today's Shanghai aluminum main month 2009 contract opened at 14175 yuan / ton, the highest intraday 14400 yuan / ton, the lowest 14170 yuan / ton, settled 14295 yuan / ton, and closed at 14330 yuan / ton, up 120 yuan
.
Today's Shanghai aluminum trend is strong, import sources hit the market, aluminum companies accelerate new production resumption, aluminum prices above the space is limited
.

Shanghai aluminum

In terms of external trading, today's Lun aluminum volatility trend, LME three-month aluminum Beijing time at 15:00 at 1710.
5 US dollars / ton, up 0.
5 US dollars, or 0.
03%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14640-14680 yuan / ton, up 90 yuan; Guangdong South Reserve reported 14580-14640 yuan / ton, up 90 yuan; Hua reported 14760-14780 yuan / ton, up 90 yuan
.
The enthusiasm of large households to receive goods is acceptable, the middlemen receive goods on demand, the downstream consumption is weakening, and the overall transaction is acceptable
.

Recently, the performance of Shanghai aluminum is strong
.
Although the launch of new production capacity has accelerated and the inflow of imported goods has slowly increased, the amount of ingots is still not high, warehouse arrivals are small, the operating rate of downstream large-scale processing plants has not seen a significant decline, and the accumulation of stocks in the off-season has not yet started
.
Aluminum ingot spot maintained a high premium, and the position was high in recent months, and the risk of running on positions continued
.
It is expected that the short-term Shanghai aluminum main contract will remain high
.

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