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The decline in social inventory of aluminum ingots supported the upward trend of Shanghai and aluminum

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2202 contract, open 20465 yuan / ton, the highest intraday 20835 yuan / ton, the lowest 20460 yuan / ton, settlement 20650 yuan / ton, the end of the close to 20685 yuan / ton, up 400 yuan, up 1.
97%.

Today's Shanghai aluminum is running strongly, electricity prices are rising, the European energy crisis continues to ferment, overseas aluminum supply is decreasing, and aluminum ingot social inventory is declining, supporting the upward
trend of aluminum prices.
The Spring Festival is approaching, the downstream operating rate may move down, the off-season of terminal consumption is coming, and the destocking and accumulation is still expected
.

Shanghai aluminum

Today's Lun aluminum trend is volatile, LME three-month Beijing time at 15:01 at 2902.
5 US dollars / ton, down 9.
5 US dollars, or 0.
33%
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 440 yuan; Guangdong South Reserve reported 20660-20720 yuan / ton, up 400 yuan; Hua reported 20770-20810 yuan / ton, up 440 yuan
.
Today's overall market transaction is picking up, the supply of goods is not much superimposed on the influence of destocking, the factory's willingness to raise prices is strong, and the enthusiasm of market inquiry and procurement is acceptable
.

On the supply side, it is expected that January production will pick up slightly month-on-month, and domestic electrolytic aluminum production will continue to run
at a low level.
On the consumer side, the real estate market has improved
under the background of loosening real estate policies.
In the medium and long term, supply growth is relatively slow, demand expectations are good, and aluminum prices remain optimistic
.

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