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Shanghai aluminum volatility is weak, and the trading atmosphere is not active

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2203 contract, opening 21310 yuan / ton, the highest intraday 21600 yuan / ton, the lowest 20920 yuan / ton, settlement 21525 yuan / ton, the end closed at 21025 yuan / ton, down 500 yuan, down 2.
32%; The trading volume of the main 2203 contract of Shanghai aluminum increased by 11141 lots 353215 lots, and the position volume 210546 decreased by 7129 lots
.

Shanghai aluminum

Today's Lun aluminum low volatility, LME three-month Beijing time at 15:01 at 3017 US dollars / ton, down 5 US dollars, or 0.
18%,
from the previous trading day's settlement price.

Today's Shanghai aluminum shock is weak, overseas supply concerns have not continued to heat up, the domestic supply side is slowly increasing, and the Spring Festival is approaching, aluminum ingot social library still has cumulative expectations, and the decline in thermal coal drags down sentiment, Shanghai aluminum weak operation
.

In terms of the market, today's spot trading price of Yangtze River was 21100-21140 yuan / ton, down 220 yuan; Guangdong South Reserve reported 21100-21160 yuan / ton, down 220 yuan; Hua reported 21160-21200 yuan / ton, down 230 yuan
.
The circulation source is loose, the enthusiasm of large households to receive goods is weak, the downstream consumer demand is low, and the trading atmosphere is not active
.

Domestic electrolytic aluminum inventory ended the trend of destocking, aluminum rod inventory continued to rise, alumina supply recovered, prices stabilized, and consumption on the eve of the Spring Festival was weak, electrolytic aluminum also showed signs of accumulation, while Lun aluminum showed a pullback, aluminum or fall.

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