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Shanghai aluminum trend is strong, there is still pressure above

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2006 contract opened at 12335 yuan / ton, the highest intraday 12460 yuan / ton, the lowest 12270 yuan / ton, settled 12350 yuan / ton, and closed at 12340 yuan / ton, up 85 yuan
.

Shanghai aluminum

In the external market, today's London aluminum is strongly volatile, LME three-month aluminum Beijing time at 15:00 at 1510.
5 US dollars / ton, up 5.
5 US dollars, or 0.
37%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 12480-12520 yuan / ton, up 360 yuan; Guangdong South Reserve reported 12500-12560 yuan / ton, up 330 yuan; Hua reported 12590-12610 yuan / ton, up 185 yuan
.
Cargo holders are actively shipped, middlemen are willing to receive goods, downstream replenishment is normal, and the overall market transaction is more active
.

Industry news, Rio Tinto produced 13.
8 million tonnes of bauxite in the first quarter, up 8% year-on-year, mainly benefiting from the increase
in production at the Amrun mine.
However, due to the rainy season and the Gove mine maintenance, production fell 9%
month-on-month.
Aluminum production in the quarter was 783,000 tons, down 2% year-on-year, basically unchanged
from the previous quarter.

Last week, the number of aluminum mill production cuts increased, and inventories continued to decrease, and today's Shanghai aluminum trend is strong, but demand has not fully recovered, and there is still pressure
above aluminum prices.

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