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Supply shrinkage worries heat up, Shanghai aluminum opened low and rebounded to the upside

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

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Today's Shanghai aluminum main month 2112 contract, opening 18475 yuan / ton, the highest intraday 19310 yuan / ton, the lowest 18230 yuan / ton, settlement 18580 yuan / ton, the end closed at 19205 yuan / ton, up 625 yuan, or 3.
36%; The trading volume of the main 2112 contract of Shanghai aluminum increased by 237393 lots 623458 lots throughout the day, and the position volume of 227450 contracts decreased by 8779 lots
.
Today's Shanghai aluminum low open rebounded upward, intraday thermal coal rebounded higher, coupled with the Yunnan aluminum plant fire accident caused production stoppage, supply reduction concerns heated, and Guangxi again spread the news of production cuts, Shanghai aluminum stopped falling and rebounded
.

Shanghai aluminum

Today's Lun aluminum is on the strong side, LME three-month Beijing time at 15:01 at 2684 US dollars / ton, up 60 US dollars, or 2.
27%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18520-18560 yuan / ton, up 210 yuan; Guangdong South Reserve reported 18640-18700 yuan / ton, up 180 yuan; Hua reported 18560-18600 yuan / ton, up 190 yuan
.
Holders are willing to sell at a high price, the receiver is bullish and actively enters the market, bargain hunting, large households are still enthusiastic about receiving goods, and the transaction volume is better than yesterday
.

As of November 18, the social inventory of aluminum ingots rose by 31,000 tons from last week to 1.
038 million tons, the continuous accumulation of aluminum ingot inventory, and the consumption of the terminal was flat, mainly due to the shortage of automotive chips and the real estate recession and other factors, short-term aluminum prices are still under pressure, and aluminum or a small decline
.

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