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Shanghai aluminum trend volatility under the background of the off-season accumulation is limited

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

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Today's Shanghai aluminum main month 2010 contract opened at 14680 yuan / ton, the highest intraday 14710 yuan / ton, the lowest 14530 yuan / ton, settled 14595 yuan / ton, and closed at 14555 yuan / ton, down 5 yuan
.
Today's Shanghai aluminum trend is volatile, the accumulation of stocks is limited in the off-season background, the pressure of electrolytic aluminum new production is less than expected, and short-term aluminum prices remain volatile
.

Shanghai aluminum

Today's Lun aluminum is strong, LME three-month aluminum Beijing time at 15:01 at 1780 US dollars / ton, up 4 US dollars, or 0.
23%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 14700-14740 yuan / ton, down 50 yuan; Guangdong South Reserve reported 14800-14860 yuan / ton, down 10 yuan; Hua reported 14820-14840 yuan / ton, down 40 yuan
.
Holders have a strong willingness to hold prices, downstream consumption performance is flat, and transactions are deadlocked
.

In terms of news, the import volume of unwrought aluminum alloy in July reached 170,900 tons, an increase of 30.
5% month-on-month and 1265.
3%
year-on-year.
The import of unwrought aluminum alloy increased sharply year-on-year, mainly due to the recovery of market demand under the background of tight domestic scrap aluminum supply, and the price of foreign aluminum alloy ingots was lower than that of China, and imports increased
.
It is expected that the import volume of aluminum alloy ingots in August may fall, but it will remain relatively high
.
From the plate point of view, the capital shows a slight inflow, the main short position increases more, it is recommended to add a small amount of high and short, 10 below the support level of 14300
.

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