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    Home > Chemicals Industry > New Chemical Materials > The downward trend of Shanghai aluminum shock lacks strong support

    The downward trend of Shanghai aluminum shock lacks strong support

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2102 contract opened at 14955 yuan / ton, the highest intraday 14995 yuan / ton, the lowest 14715 yuan / ton, settled 14855 yuan / ton, and closed at 14755 yuan / ton, down 165 yuan
    .
    Today's Shanghai aluminum shock downward, consumption seasonally weakened, inventory entered the accumulation stage, and electrolytic aluminum production capacity continued to release, aluminum prices lacked strong support
    .

    Shanghai aluminum

    In terms of external trading, today's Lun aluminum is weak and volatile, LME three-month aluminum Beijing time at 15:00 at 2019.
    5 US dollars / ton, down 7 US dollars, or 0.
    35%
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River was 14830-14870 yuan / ton, down 210 yuan; Guangdong South Reserve reported 14790-14850 yuan / ton, down 220 yuan; Hua reported 14990-15010 yuan / ton, down 150 yuan
    .
    The source of circulating goods has decreased, the holders are reluctant to sell, the enthusiasm of large households to receive goods is general, and the transaction situation is poor
    .

    Industry news, in 2020, the output of southwest aluminum enterprises increased by 3.
    3% year-on-year, and product sales increased by 5.
    4% year-on-year; Among them, the output, product sales and sales of Class A products of Southwest Aluminum Group increased by 11.
    4%, 13% and 18% respectively year-on-year, and the operating indicators hit a record high
    .

    With the weakening of seasonal demand, the country has entered the accumulation cycle, and the recent accumulation of exchanges and social inventories has suppressed Shanghai aluminum, but LME inventories are still continuing to degrade, and the United States may introduce more fiscal stimulus policies, and spot aluminum prices are expected to rise or fall little
    .

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