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Shanghai aluminum volatility weakened market trading performance is not good

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

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Today's Shanghai aluminum main month 2104 contract opened at 16735 yuan / ton, the highest intraday 16855 yuan / ton, the lowest 16565 yuan / ton, settled 16710 yuan / ton, and closed at 16690 yuan / ton, unchanged from the settlement price of the previous trading day
.
Today's Shanghai aluminum shock weakened, global primary aluminum production continued to grow, aluminum rod inventory growth was high, electrolytic aluminum production capacity was slowly released, aluminum prices upside may be limited
.

Shanghai aluminum

Today's London aluminum volatility weakened, LME three-month aluminum Beijing time at 15:00 at 2170 US dollars / ton, down 5 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 16750-16790 yuan / ton, up 50 yuan; Guangdong South Reserve reported 16750-16810 yuan / ton, up 50 yuan; Hua reported 16870-16890 yuan / ton, up 50 yuan
.
Receivers wait and see to reduce prices, large households are generally enthusiastic about receiving goods, and the transaction performance is not satisfactory
.

Industry news, data released by the International Aluminium Association (IAI) on Monday showed that global primary aluminum production in January increased by 4.
31% from the same period last year to 5.
707 million tons
.
China is expected to produce 3.
3 million mt in January, IAI said.

The recent global epidemic has eased significantly, the economy is expected to recover steadily, and monetary policy remains loose; On Monday, the domestic electrolytic aluminum social inventory increased by 121,000 tons from last Thursday to 1.
022 million tons, although there was a significant increase, but the accumulation was not as good as in previous years, this year's inventory high may be lower than in previous years, and spot aluminum prices are expected to rise
today.

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