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The strong marginal increase in consumption has some support for aluminum prices

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2109 contract, opening 20110 yuan / ton, the highest intraday 20540 yuan / ton, the lowest 20070 yuan / ton, settlement 19975 yuan / ton, the end of the close to 20390 yuan / ton, up 415 yuan
.
Today's Shanghai aluminum trend is strong, the problem of domestic power supply tension has not been alleviated, the average daily output of electrolytic aluminum continues to decline, coupled with the arrival of the "gold nine silver ten" consumption season, the consumption increment margin is strong, which has a certain support
for aluminum prices.

Aluminum prices

Today's Lun aluminum volatility trend, LME three-month Beijing time at 15:01 at 2584 US dollars / ton, up 29 US dollars, or 1.
12%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 20350-20390 yuan / ton, up 270 yuan; Guangdong South Reserve reported 20460-20520 yuan / ton, up 220 yuan; Hua reported 20390-20430 yuan / ton, up 260 yuan
.
Holders actively ship goods to realize at high prices, and the receiving party is afraid of high prices and low prices, the trading atmosphere is general, and the overall transaction is weak
.

Although the dumping of reserves flows into the market and accumulates slightly, domestic inventories and warehouse receipts are still at a relatively low level, superimposed power cuts interfere with the release of production capacity, and the closure of the import window restricts the import supply, the short-term margin of supply is weak, and the subsequent "Golden Nine Silver Ten" consumption season, the consumption increment margin is strong, and aluminum prices are expected to rise
.

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