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    Home > Chemicals Industry > New Chemical Materials > Supply concerns still exist and the Shanghai aluminum shock rose slightly

    Supply concerns still exist and the Shanghai aluminum shock rose slightly

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2207 contract, open 20805 yuan / ton, the highest intraday 20995 yuan / ton, the lowest 20775 yuan / ton, settlement 20770 yuan / ton, the end of the close to 20845 yuan / ton, up 75 yuan, up 0.
    36%.

    Today's Shanghai aluminum is running strongly, crude oil prices continue to rise and refresh highs, the aluminum price has been boosted, and the expectation of stable growth continues to strengthen, the market has strong expectations for demand recovery, but the increase in supply and weak reality still contain the upward trend of aluminum prices, and short-term Shanghai aluminum maintains range shocks
    .

    Shanghai aluminum

    Today, Lun aluminum rushed back down, and the LME reported at $2,822 / ton at 15:01 Beijing time for three months, down $14, or 0.
    49%,
    from the previous session's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 20760-20800 yuan / ton, down 10 yuan, discount 80-discount 40; Guangdong spot 20620-20680 yuan / ton, flat, discount 220-discount 160; Hua reported 20810-20850 yuan / ton, down 20 yuan
    .
    The price adjustment of the holder is still not smooth, the demand for replenishment of the receiver is not high, it is difficult to drive the spot transaction, and the cold atmosphere of trading is still difficult to change
    .

    The overseas Fed's interest rate hike was strongly supported by the Biden administration, the US dollar strengthened again, the domestic epidemic entered the end, the economy recovered, the policy support was strong, and the sentiment was strong; The impact of the fundamental spot trade market is still continuing, and the increase in new and resumed production capacity is expected to increase, but internal and external inventories are low, and supply concerns remain.

    It is expected that aluminum prices will maintain a volatile trend
    in the near future.

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