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    Home > Chemicals Industry > New Chemical Materials > The metal market has a strong bullish atmosphere, and Shanghai aluminum continues to be strong

    The metal market has a strong bullish atmosphere, and Shanghai aluminum continues to be strong

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2203 contract, opening 22975 yuan / ton, the highest intraday 23415 yuan / ton, the lowest 22925 yuan / ton, settlement 22805 yuan / ton, the end of the close to 23290 yuan / ton, up 485 yuan, up 2.
    13%.

    Today, Shanghai aluminum continues to run at a high level, the metal market has a strong bullish atmosphere coupled with strong global aluminum fundamentals, and aluminum prices continue to be strong and soar
    again.

    Shanghai aluminum

    Today's Lun aluminum volatility trend, LME three-month Beijing time at 15:01 at 3276 US dollars / ton, up 13 US dollars, or 0.
    38%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 23270-23310 yuan / ton, up 400 yuan; Guangdong South Reserve reported 23450-23510 yuan / ton, up 400 yuan; Hua reported 23320-23360 yuan / ton, up 400 yuan
    .
    Aluminum prices in the spot market are high, holders accelerate downward selling, receivers continue to buy on demand, and transaction activity weakens
    .

    Industry news, Alcoa shares rose 9.
    8%, and the London Metal Exchange aluminum futures price soared, together to the highest level
    in more than 13 years.
    Investment bank Goldman Sachs raised its aluminum price forecast to $4,000 / tonne
    .

    Due to the ongoing overseas energy crisis, coupled with China's environmental protection policies and other variables, because most of the electricity used in China's aluminum industry is coal power generation, resulting in smelter production cuts, the closure of smelters in Europe and China has intensified the shortage of aluminum supply, and the tense epidemic situation in Guangxi has also intensified concerns about aluminum supply.

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