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The off-season of consumption is coming, and the fundamental support of Shanghai aluminum weakens

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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titanium spot price

22 15 simplified

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Today's Shanghai aluminum main month 2102 contract opened at 15285 yuan / ton, the highest intraday 15630 yuan / ton, the lowest 15210 yuan / ton, settled 15420 yuan / ton, and closed at 15340 yuan / ton, up 35 yuan
.
Today's Shanghai aluminum trend is volatile, the US stimulus plan is expected to be introduced, but electrolytic aluminum is still accumulating, with the arrival of the consumption off-season, fundamental support weakened
.

Shanghai aluminum

Today's London aluminum volatility weakened, LME three-month aluminum Beijing time at 15:00 at 2022.
5 US dollars / ton, down 4.
5 US dollars, or 0.
22%
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 15680-15720 yuan / ton, up 140 yuan; Guangdong South Reserve reported 15740-15800 yuan / ton, up 160 yuan; Hua reported 15800-15820 yuan / ton, up 170 yuan
.
The circulation supply is sufficient, the enthusiasm of large households to receive goods is general, the downstream just needs are the mainstay, and the overall transaction is general
.

In the domestic market, yesterday's electrolytic aluminum society accumulated 21,000 tons, the current short-term aluminum market fundamentals are weak, but spot premium still has some support
for aluminum prices.
Subsequently, in the case of the impact of imported aluminum superimposed on the gradual increase of new production capacity in January and February, the supply side is relatively clear; In addition, according to the survey, although the downstream terminal consumption is weak, it is not bad, and there is some support
below the aluminum price.
It is expected that the subsequent aluminum price will show a volatile downward trend, but there will not be too much
downward.

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