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Social inventories continued to decline, and aluminum prices received strong support

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main monthly 2110 contract, opening 21055 yuan / ton, the highest intraday 21490 yuan / ton, the lowest 20910 yuan / ton, settlement 21170 yuan / ton, the end of the close to 21460 yuan / ton, up 290 yuan
.
Today's Shanghai aluminum shock rebounded, the supply side of the aluminum market disturbance continued, the power limit and production limit further tightened and the impact of dual control of energy consumption, and the storage or difficult to make up the supply gap, aluminum ingot social inventory continued to decline, strong support for aluminum prices to continue to strengthen
.

Aluminum prices

Today's Lun aluminum rushed higher after the volatile trend, LME three-month Beijing time at 15:01 at 2728 US dollars / ton, up 35 US dollars, or 1.
30%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 21200-21240 yuan / ton, up 80 yuan; Guangdong South Reserve reported 21320-21380 yuan / ton, up 110 yuan; Hua reported 21260-21300 yuan / ton, up 70 yuan
.
The cargo holder is optimistic about the price of shipment, the receiver actively purchases, the transaction is acceptable, and the overall transaction atmosphere is more active
.

This week's non-farm data before the release of the market wait-and-see sentiment, coupled with the non-ferrous metals industry association held an electrolytic aluminum supply and price stabilization meeting, and released certain warning signals, domestic factory activities slowed down, aluminum price performance under pressure, aluminum or a slight decline
.

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