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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum is weak and volatile, and the overall trading volume is average

    The main force of Shanghai aluminum is weak and volatile, and the overall trading volume is average

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2112 contract, opening 19030 yuan / ton, the highest intraday 19060 yuan / ton, the lowest 18550 yuan / ton, settlement 19045 yuan / ton, the end of the close to 18895 yuan / ton, down 150 yuan, down 0.
    79%.

    The trading volume of the main 2112 contract of Shanghai aluminum was 316810 lots, an increase of 72256 lots, and the position volume 194232 increased by 1837 lots
    .
    Today's Shanghai aluminum weak shock, although the aluminum ingot social library has fallen slightly, but downstream demand is still weak, coupled with coal fell again, the cost side fell drag down the trend of aluminum prices
    .

    Shanghai aluminum

    In terms of the market, today's spot trading price of Yangtze River was 18480-18520 yuan / ton, down 440 yuan; Guangdong South Reserve reported 18600-18660 yuan / ton, down 420 yuan; Hua reported 18540-18580 yuan / ton, down 440 yuan
    .
    Holders continued to lower the clearance, the receiver purchased at the bottom, the inquiry was more positive than yesterday, and the overall trading volume was average
    .

    Domestically, with the phased results of coal supply guarantee, it is expected that coal production is expected to remain high in November, and some production capacity of electrolytic aluminum plants that have been suspended due to power restrictions may be restored
    in the later period.
    In the downstream, as the downstream power rationing is further eased, the operating rate of downstream enterprises continues to rise, and the social inventory of aluminum ingots on Monday was transferred from accumulation to destocking
    .

    On the whole, the global electrolytic aluminum supply side is gradually alleviated, the cost side is expected to continue to move down, aluminum prices are still short treatment, pay attention to whether the subsequent social inventory can continue to go to the warehouse, and operationally suggest that investors can layout short orders
    above 20,000 yuan / ton.

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