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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum trend is volatile Market sentiment is more sensitive

    Shanghai aluminum trend is volatile Market sentiment is more sensitive

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Monday, the main monthly 2201 contract of Shanghai aluminum opened at 19015 yuan / ton, the highest intraday was 19250 yuan / ton, the lowest was 18750 yuan / ton, the settlement was 18870 yuan / ton, and the end closed at 18905 yuan / ton, up 35 yuan, or 0.
    19%; The trading volume of the main 2201 contract of Shanghai aluminum decreased by 51975 lots 389118 lots, and the position volume of 203468 lots decreased by 1343 lots
    .
    The trend of Shanghai aluminum fluctuated during the day, the new virus caused the epidemic prevention measures in various countries to become stricter, and the market sentiment was more sensitive, but the domestic supply was still tight, and the aluminum ingot social library was slightly destocked, and the short-term aluminum price maintained a volatile operation
    .

    Shanghai aluminum

    In terms of the market, the spot trading price of the Yangtze River during the day was 18830-18870 yuan / ton, up 50 yuan; Guangdong South Reserve reported 18930-18990 yuan / ton, up 30 yuan; Hua reported 18890-18930 yuan / ton, up 50 yuan
    .
    Cargo holders are selling goods at a high price, receiving goods are actively entering the market, large households are generally enthusiastic about receiving goods, and the overall transaction is cold
    .

    On the macro front, persistent inflation will accelerate the normalization of the Fed's monetary policy, and the dollar index strengthened
    in the previous session.
    On the supply side, the current aluminum import window is closed, and the inventory in the bonded area continues to accumulate.

    In recent days, there has been no new news of production cuts in China, but aluminum plants are not willing to
    resume production.

    On the cost side, alumina prices continue to decline, and the cost of tons of aluminum is expected to continue to decline
    .
    At present, the operating rate of aluminum leading enterprises remains stable, and the order demand is relatively weak, mainly concentrated in raw and recycled casting alloys
    .
    On the whole, the cost of tons of aluminum continues to decline, and the macro face of the overall impact of aluminum prices is short, and aluminum prices are weak.

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