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    Home > Chemicals Industry > New Chemical Materials > The main shock of Shanghai aluminum is strong, and the upward trend continues during the session

    The main shock of Shanghai aluminum is strong, and the upward trend continues during the session

    • Last Update: 2022-12-06
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 1711 contract opened at 16380 yuan, intraday high 16640 yuan low 16305 yuan, and closed at 16490, up 215 yuan / ton
    from the previous trading day.
    The increase in infrastructure has opened up new demand for non-ferrous metals, and aluminum prices have been further raised to support aluminum instead of steel, and Shanghai aluminum has risen sharply today, and it is expected that aluminum prices will remain high in the short term
    .

    Shanghai aluminum

    In terms of external trading, the recent continuous decline in Lun aluminum inventories supported the rebound of aluminum prices, and today Lun aluminum rose sharply, and the upper support focused on $2200
    .
    At 15:49 Beijing time, the LME 3-month aluminum was $2105.
    5, up $13.
    5 from the previous session
    .

    In terms of the market, today's spot trading price of Yangtze River is 16250-16290 yuan / ton, up 140 yuan / ton; Guangdong South Reserve reported 16270-16370 yuan / ton, up 190 yuan / ton; Hua reported 16370-16390 yuan / ton, up 170 yuan / ton; The average domestic spot trading price is between
    16240-16280 yuan / ton.
    Today's aluminum has risen sharply, the shipment of cargo holders has weakened, downstream enterprises are afraid of high on-demand procurement, and the market transaction is average
    .

    In terms of news, before 2016, China's domestic imports of bauxite from Guinea can be described as very small, and only 300,000 tons
    were imported in 2015.
    But in 2016, bauxite from Guinea reached 13 million tons, and may surpass Australia in 2017 to become China's largest source of bauxite
    .
    Currently, India's largest exporter of alumina is Nalco, India's
    national aluminium.
    According to the survey, about 2 tons of alumina can be extracted from bauxite to produce one ton of aluminum
    .

    Overall, the heating season news deterrent, Shanghai aluminum main shock is strong, intraday continued upward trend, late to recover part of the gains, closed up 1.
    32% to 16490, up 215 from the previous trading day, the trend, lack of real good news stimulation, aluminum price rise momentum is weak, and inventory continues to increase, but also restrict the trend of aluminum prices, technically, short-term aluminum price high volatility trend continues, Shanghai aluminum main force continues to oscillate around 16500, pay attention to the trend of surrounding metals; It is expected that tomorrow's spot aluminum will not fluctuate much
    .

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