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The market is full of pessimism, and Shanghai aluminum fell in response

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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aluminum ingot

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Today's Shanghai aluminum main month 2111 contract, opening 24210 yuan / ton, the highest intraday 24235 yuan / ton, the lowest 22450 yuan / ton, settlement 24385 yuan / ton, the end of the close to 22855 yuan / ton, down 1530 yuan
.
Today's Shanghai aluminum continued to decline in the morning, diving sharply before noon, the heavy decline in thermal coal weakened the cost support of aluminum prices, the superimposed market was full of pessimism, aluminum prices fell sharply, and the aluminum ingot social library continued to increase, the domestic aluminum market showed a weak pattern of supply and demand
.

Shanghai aluminum

Today's high level of Lun aluminum retreated, LME three-month Beijing time at 15:01 at 3035 US dollars / ton, down 68 US dollars, or 2.
19%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River was 23080-23120 yuan / ton, down 1140 yuan; Guangdong South Reserve reported 23050-23110 yuan / ton, down 1160 yuan; Hua reported 22315-23190 yuan / ton, down 1120 yuan
.
Holders continue to actively ship goods for cash, but the receiving party is bearish and still replenishes on demand, and the enthusiasm of large households to receive goods is average, the transaction is light, and the overall transaction is average
.

In terms of news, the domestic policy level to regulate thermal coal is lower, so that the recent aluminum price cost support declined, long funds continued to close their positions and leave the market, aluminum prices fell in response, superimposed electrolytic aluminum slightly accumulated, spot aluminum prices or declined
.

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