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Shanghai aluminum volatility strengthened, the overall trading activity of the market is light

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2110 contract, opening 20485 yuan / ton, the highest intraday 20910 yuan / ton, the lowest 20460 yuan / ton, settlement 20525 yuan / ton, the end of the close to 20890 yuan / ton, up 365 yuan
.
Today's Shanghai aluminum shock is stronger, the State Reserve Bureau will be ready to release the third batch of national reserve aluminum from time to time, but the supply side disturbance of the aluminum market continues, the output of electrolytic aluminum in Xinjiang is limited and the dual control of energy consumption, and aluminum prices continue to rise
.

Shanghai aluminum

Today's Lun aluminum volatility higher, LME three-month Beijing time at 15:01 at 2654 US dollars / ton, up 34 US dollars, or 1.
28%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20620-20660 yuan / ton, up 120 yuan; Guangdong South Reserve reported 20680-20740 yuan / ton, up 70 yuan; Hua reported 20660-20700 yuan / ton, up 90 yuan
.
Holders actively ship goods at high prices, traders purchase at low prices, large households are generally enthusiastic about receiving goods, and the overall transaction activity is light
.

Industry news, the State Food and Material Reserve Administration news on August 27: According to the National Food and Material Reserve Administration's No.
2 announcement in 2021, the third batch of 30,000 tons of national reserve copper, 70,000 tons of national reserve aluminum, and 50,000 tons of national reserve zinc
will be released.
The open auction is on
September 1.

In terms of news, the epidemic in Malaysia has repeatedly reduced automobile production, which will have an impact on terminal consumption, and the domestic Xinjiang Development and Reform Commission under the power generation and aluminum production capacity production limit reminder letter, the decline in electrolytic aluminum supply has caused concern, and aluminum may rise
.

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