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The trend of Shanghai aluminum is weak, and there is still upside in the peak season

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2105 contract opened at 17850 yuan / ton, the highest intraday 17930 yuan / ton, the lowest 17415 yuan / ton, settled 17690 yuan / ton, and closed at 17475 yuan / ton, down 145 yuan
.
Today's Shanghai aluminum trend is weak, inventory may be about to turn to destocking, supply growth has slowed down, but high prices erode downstream profits, short-term aluminum prices high volatility
.

Shanghai aluminum

Today, LME three-month aluminum Beijing time at 15:00 at 2214 US dollars / ton, down 18 US dollars, or 0.
81%,
from the previous trading day's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 17650-17690 yuan / ton, up 140 yuan; Guangdong South Reserve reported 17640-17700 yuan / ton, up 140 yuan; Hua reported 17770-17790 yuan / ton, up 150 yuan
.
Receivers are more wait-and-see, large households are generally enthusiastic about receiving goods, and the transaction performance is not good
.

Macro is in the recent stage of overseas economic recovery, and it is difficult to have a clear trend in the game between the market and the magnitude progress, but political factors have recently interfered
.
The Fed's latest interest rate meeting statement continued to maintain zero interest rates and the current scale of bond purchases, while the Fed chairman said that he would not react to the recent sharp rise in US bond rates, which boosted market sentiment
.
Fundamentally, the overall recovery trend is still in place, and the recent changes in inventory levels are still expected, peak season demand can be expected, and aluminum prices still have upside
.

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