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The collapse of stock indexes drags down industrial prices The rise in aluminum prices is difficult to continue

 Last Update: 2022-11-29
 Source: Internet
 Author: User

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Today, the average price of nonferrous aluminum in the Yangtze River rose 130 to 11120, and the average price of nonferrous aluminum in the South China Sea rose 140 to 11370
.
Shanghai aluminum spot monthly contract 1603 opened at 11070, the highest 11250, the lowest 11070, closed at 11165, up 65 or 0.
59%.

At press time, the 3rd was at 1564.
00 and the dollar index was at 97.
43
.

Shanghai aluminum

News side: 1.
The central bank's open market will carry out a 7-day reverse repurchase operation
of 340 billion yuan today.
In addition, $340 billion of reverse repurchases expired
in the open market today.
China's 1-day repo rate jumped nearly 33 basis points to 2.
2988%, a more than 10-month high
.

2.
The Shanghai Composite Index closed at 2741.
25 points, down 6.
41%, with a turnover of 271.
77 billion yuan
.
The Shenzhen Component Index closed at 9551.
08 points, down 7.
34%, with a turnover of 394.
77 billion yuan
.
The ChiNext index closed at 2037.
14 points, down 7.
56%, with a turnover of 100.
58 billion yuan
.

Tomorrow's aluminum price analysis: The plunge in the stock index dragged down the performance of industrial prices, and fell collectively to varying degrees after midday
.
Among the base metals, aluminum performed strongly, with only a slight retracement, and the short-term rally continued
.
However, with the gradual rise in prices, the risk of falling is increasing, and the significance of chasing up is low
.
The spot rally is good, and the futures spot basis is quickly repaired to about
100 yuan.
Tomorrow's aluminum prices are expected to fall or remain flat, for reference
only.

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