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Shanghai aluminum trend is weak, short-term face pullback pressure

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

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Today's Shanghai aluminum main month 2104 contract opened at 17060 yuan / ton, the highest intraday 17155 yuan / ton, the lowest 16745 yuan / ton, settled 16935 yuan / ton, and closed at 16890 yuan / ton, down 195 yuan
.
Today's Shanghai aluminum trend is weak, inventory accumulation is still continuing, electrolytic aluminum production capacity is slowly launched, and the short-term is facing pullback pressure
.

Shanghai aluminum

Today's London aluminum shock operation, LME three-month aluminum Beijing time at 15:10 at 2123 US dollars / ton, up 2 US dollars, or 0.
09%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 16880-16920 yuan / ton, down 130 yuan; Guangdong South Reserve reported 16880-16940 yuan / ton, down 150 yuan; Hua reported 16990-17010 yuan / ton, down 150 yuan
.
Holders cover the goods and sell them, traders wait and see, the enthusiasm of large households to receive goods is acceptable, and the transaction activity is average
.

Industry news, Rusal USA (RAC) announced that it has signed a five-year aluminum supply contract with Almexa to supply the latter with 100,000 tons of low-carbon aluminum flat ingots
.
Almexa is a producer of rolled aluminum products based in Latin America
.

On the macro front, the US House of Representatives passed a 1.
9 trillion fiscal stimulus package, which is expected to be voted by the Senate this week; China's manufacturing industry has fallen for three consecutive months, and the economic situation continues to fall
.
Aluminum prices rose too fast, suppressing, downstream demand for resumption of work; Economic recovery, monetary easing, strong inflation expectations, but U.
S.
Treasury yields soared, risk assets were volatile, and short-term sentiment adjusted
.

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