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The price risk of Shanghai aluminum is high, and there is a risk that the market will rise and fall

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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short term storage

day time stood

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Today's Shanghai aluminum main month 2008 contract opened at 13825 yuan / ton, the highest intraday 14050 yuan / ton, the lowest 13825 yuan / ton, settled 13935 yuan / ton, and closed at 14030 yuan / ton, up 230 yuan
.
Today, Shanghai aluminum continued its rally, and the inventory decline slowed down, but it still maintained a high level in the short term under the destocking cycle
.

Shanghai aluminum

In terms of external trading, today's Lun aluminum is running at a high level, and the LME three-month aluminum Beijing time is at 1622 US dollars / ton at 15:00, up 4 US dollars, or 0.
25%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 14340-14380 yuan / ton, up 190 yuan; Guangdong South Reserve reported 14390-14450 yuan / ton, up 190 yuan; Hua reported 14450-14470 yuan / ton, up 190 yuan
.
The shipment of the cargo holder is acceptable, the willingness of the middleman to receive the goods is not enough, the enthusiasm of the large household to receive the goods is acceptable, the downstream procurement is on demand, and the overall transaction is flat
.

Industry highlights, the report said that as the production of imports from China continues to surge, India has planned measures to reduce aluminum imports
.
The Ministry of Mines has set up an Inter-Ministerial Committee (IMC) whose job is to seek to curb aluminium imports on the one hand and to support domestic smelters to replace overseas supplies
on the other.

In the short term, the market is supported by the spot end to continue to be high, but the spot end has signs of weakening, and the Shanghai aluminum technical form is poor, pay close attention to the spot end in the later stage, the current price risk is higher, and there is a risk
of rushing back down in the future.

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