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Space above aluminum prices may be limited Follow-up attention to peak season consumption levels

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2011 contract opened at 14610 yuan / ton, the highest intraday 14690 yuan / ton, the lowest 14540 yuan / ton, settled 14610 yuan / ton, and closed at 14620 yuan / ton, up 130 yuan
.
Today's Shanghai aluminum continues to be strong, Spanish smelters reduce production caused supply concerns, but London aluminum stocks are no longer declining, aluminum prices above the space may be limited
.

Aluminum prices

Today's Lun aluminum fluctuated at a low level, and the LME three-month aluminum was reported at 1855.
5 US dollars / ton at 15:01 Beijing time, down 0.
5 US dollars, or 0.
03%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 14950-14990 yuan / ton, up 20 yuan; Guangdong South Reserve reported 14770-14830 yuan / ton, down 20 yuan; Hua reported 15060-15080 yuan / ton, up 30 yuan
.
Traders actively ship, the demand side is afraid of high sentiment, the receiving atmosphere is not good, and the overall transaction is
weak.

Industry news, according to overseas channels, Rio Tinto's Straumsvík aluminum plant in Iceland may start a strike
.
From the perspective of timing, the strike of aluminum plant workers will begin on October 16, throughout the shutdown of certain positions in the aluminum smelter in November, and if a wage agreement cannot be reached by December, a general strike will begin
on December 1.

Follow-up attention to the consumption level of the peak season, the release of aluminum production capacity in the fourth quarter, the production restriction policy in the autumn and winter heating season, and whether the epidemic will break out
twice.

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