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Strong support below the price Short-term Shanghai aluminum weak finishing

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

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Today's Shanghai aluminum main month 2206 contract, open 20480 yuan / ton, the highest intraday 20530 yuan / ton, the lowest 20320 yuan / ton, settlement 20445 yuan / ton, the end of the close to 20360 yuan / ton, down 85 yuan, down 0.
42%.

Today's Shanghai aluminum trend is weak, the domestic economic data in April is weak, coupled with downstream consumption expectations are still not ideal, but the inventory is still in the destocking stage, the price below the support is strong, short-term aluminum prices are weakly sorted
.

Shanghai aluminum

Today's Lun aluminum trend fluctuated up and down, the volatility intensified, LME three-month Beijing time at 15:01 at 2886 US dollars / ton, up 4 US dollars, or 0.
14%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20380-20420 yuan / ton, down 10 yuan, discount 15-liter 25; Guangdong spot 20400-20460 yuan / ton, flat, discount 5-liter 65; Hua reported 20430-20470 yuan / ton, down 20 yuan
.
Holders actively adjust prices and shipments to realize cash, downstream receiving sentiment is biased on the sidelines, still mainly to reduce prices and less mining, the trading atmosphere is difficult to say ideal, and the actual transaction continues to weaken
.

Shanghai aluminum is still in the rhythm of rebound, but the resistance has increased
.
The domestic epidemic lockdown has made phased progress, and the market expects demand to improve
.
The situation in Russia and Ukraine has made aluminum supply in Europe tight, and LME aluminum inventories have continued to decline, boosting aluminum prices to recover
.
However, the abundant domestic aluminum supply may weaken the rebound space of aluminum prices, and the recent market is expected to fluctuate
.

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