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Strong demand recovery expectations boosted aluminum prices

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2207 contract, opening 20840 yuan / ton, the highest intraday 20895 yuan / ton, the lowest 20720 yuan / ton, settlement 20745 yuan / ton, the end of the close to 20795 yuan / ton, up 50 yuan, or 0.
24%; The main 2207 contract of Shanghai aluminum traded 148,500 lots throughout the day, a decrease of 33,344 lots, and the position volume of 182704 lots increased by 317 lots
.
Today's Shanghai aluminum fluctuates up and down, sideways, the domestic continues to emphasize policy support, market sentiment is heated up, non-ferrous metals trend is good, but the supply and demand side still restrict the performance of aluminum prices, short-term Shanghai aluminum continues to fluctuate
.

Aluminum prices

Today's Lun aluminum volatility trend, LME three-month Beijing time at 15:01 at 2886 US dollars / ton, up 6 US dollars, or 0.
21%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20730-20770 yuan / ton, up 10 yuan, discount 30-liter 10; Guangdong spot 20720-20780 yuan / ton, up 10 yuan, discount 40-liter 20; Hua reported 20790-20830 yuan / ton, up 10 yuan
.
Holders actively adjusted prices to stimulate shipment and cash, but the market performance was light, the willingness of receivers to enter the purchase was low, trading continued to weaken, and the transaction performance was unsatisfactory
.

The main contract of Shanghai aluminum opened high and low during the day, and the intraday shock was sorted out, closing up 0.
24%.

Macro sentiment has warmed up, and the market has strong expectations for demand recovery, boosting aluminum prices, but at present, supply has rebounded and demand has not yet recovered, suppressing aluminum prices, and continuing to pay attention to demand recovery in the later period
.

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