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The macro atmosphere is generally bearish and the trend of Shanghai aluminum is weak

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2107 contract opened at 19120 yuan / ton, the highest intraday 19180 yuan / ton, the lowest 17935 yuan / ton, settled 18415 yuan / ton, and closed at 18105 yuan / ton, down 660 yuan
.
Today's Shanghai aluminum trend is weak, the macro atmosphere is generally bearish, but the fundamentals may be supported, Yunnan power cuts affect some production capacity, and social inventories continue to deteriorate
.

Shanghai aluminum

Today, LME three-month aluminum was reported at $2,331 / ton at 15:01 Beijing time, down $48.
5, or 2.
04%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 18330-18370 yuan / ton, down 90 yuan; Guangdong South Reserve reported 18490-18550 yuan / ton, down 80 yuan; Hua reported 18430-18450 yuan / ton, down 110 yuan
.
The circulation source is tight, the enthusiasm of large households to receive goods is acceptable, the receiving party is bargaining for procurement, the downstream demand is better, and the transaction activity is acceptable
.

The last period of aluminum inventory last week decreased by 5969 tons to 335128 tons, aluminum ingot social inventory continued to decline, but global primary aluminum production rebounded significantly year-on-year, domestic aluminum ingot imports continued to flow, spot aluminum prices are expected to rise or fall little
.

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