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    Home > Chemicals Industry > New Chemical Materials > Short-term market volatility Shanghai aluminum short-term rally ended

    Short-term market volatility Shanghai aluminum short-term rally ended

    • Last Update: 2022-11-29
    • Source: Internet
    • Author: User
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    In the last trading day, the average price of Yangtze River nonferrous aluminum rose 10 to 11260, and the average price of nonferrous aluminum in the South China Sea rose 10 to 11490
    .
    Shanghai aluminum spot monthly contract 1603 opened at 11280, the highest 11435, the lowest 11215, closed at 11380, up 50 or 0.
    44%.

    Lun Aluminum Electric 3 opened at 1596.
    00, with a high of 1597.
    50, a low of 1556.
    00 and a close of 1566.
    00, down 32.
    00 or 2.
    00%.

    The dollar index opened at 97.
    13, with a high of 93.
    27, a low of 96.
    89 and a close of 97.
    22, up 0.
    12 or 0.
    11%.

    LME aluminium stocks increased by 54,450 tonnes to 2859150 tonnes
    .
    The aluminium warehouse receipts increased by 600 tons to 235406 tons
    .

    Shanghai aluminum

    News side: 1.
    Xi Jinping stressed that promoting supply-side structural reform is a tough battle, and it is necessary to grasp "addition" and "subtraction", increase factor input, promote the increase of economic aggregate, reduce ineffective and low-end supply, expand effective and medium-to-high-end supply, and improve total factor productivity
    .
    It is necessary to promote the structural reform of the supply side of agriculture and improve the comprehensive efficiency and competitiveness
    of agriculture.
    It is necessary to take the road of connotative modern agricultural development with science and technology as the support, and realize the storage of grain in the land and the storage of grain in technology
    .

    2.
    Eurozone GDP in the fourth quarter was revised quarter-on-quarter by 0.
    3%, expected by 0.
    3%, and preliminary value by 0.
    3%.

    Eurozone GDP for the fourth quarter was revised to 1.
    6% year-on-year, 1.
    5% expected, and 1.
    5%
    preliminary reading.

    3.
    After the opening of the commodity night market, the commodity fell all the way, only iron ore and rebar stubbornly resisted, other black series collectively fell, bears frantically counterattacked, bulls frantically cut positions to join the short selling camp, coke, coking coal, thermal coal collective across the board fell to the limit, rebar far month contracts almost all fell to the limit, asphalt, Shanghai nickel, Shanghai tin sharply killed the fall and sealed the upper limit board
    .
    Thread 1605 fell nearly 5%, iron ore 1605 fell 0.
    47%.

    Non-ferrous metals and chemicals fell across the board
    .

    Today's aluminum price analysis: the previous continuous limit varieties collectively plummeted, and the long took profits after the short cut position
    .
    Short-term market volatility
    .
    Base metals fell collectively driven by the fall of tin and nickel, and Shanghai aluminum followed the dive, and the short-term rally ended
    .
    Today's aluminum prices are expected to fall, for reference
    only.

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