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Shanghai aluminum upward resistance is large, short-term supply and demand may fall into a tug-of-war

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

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Today's Shanghai aluminum main month 2105 contract opened at 17455 yuan / ton, the highest intraday 17550 yuan / ton, the lowest 17405 yuan / ton, settled 17490 yuan / ton, and closed at 17525 yuan / ton, up 45 yuan
.
Today's Shanghai aluminum shock trend, the current aluminum ingot social inventory is not smooth, but the consumption season is coming, the global economy is recovering steadily, and the long-term outlook is still optimistic
.

Shanghai aluminum

Today, Lun aluminum opened low and high, and the LME three-month aluminum Beijing time was reported at 2270.
5 US dollars / ton at 15:01, up 11 US dollars, or 0.
49%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 17440-17480 yuan / ton, up 80 yuan; Guangdong South Reserve reported 17460-17520 yuan / ton, up 90 yuan; Hua reported 17560-17580 yuan / ton, up 80 yuan
.
The enthusiasm for receiving goods is high, the willingness to purchase is improved, the enthusiasm of large households to receive goods is acceptable, and the transaction performance is active
.
Orders of downstream processing enterprises are gradually improving, peak season consumption is still optimistic, but early imports may have an impact on destocking, the contradiction between supply and demand is not prominent, and spot aluminum prices are expected to rise and fall limited
.

Consumption is unsatisfactory, high-priced aluminum has a greater pressure on transactions, and the risk of chasing is higher, but peak season demand and macro sentiment are still there, and there is support at a high level; Rumors of storage are rising again, aluminum prices have greater upward resistance, short-term supply and demand or into a tug-of-war, it is recommended to wait and see, peak season demand is resilient, over-fall can be appropriately
shorter.

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