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There is still a demand gap in the market and Shanghai aluminum performance is strong in the short term

 Last Update: 2022-12-24
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2205 contract, open 21215 yuan / ton, the highest intraday 21535 yuan / ton, the lowest 21160 yuan / ton, settlement 21140 yuan / ton, the end of the close to 21440 yuan / ton, up 300 yuan, up 1.
42%.

Shanghai aluminum

Today, Lun aluminum fluctuated sharply, and the LME was reported at $3,254 / ton at 15:01 Beijing time for three months, down $3, or 0.
09%,
from the settlement price of the previous trading day.

In terms of the market, today's spot trading price of Yangtze River is 21430-21470 yuan / ton, up 400 yuan, discount 25-discount 15; Guangdong South Reserve reported 21500-21560 yuan / ton, up 410 yuan; Hua reported 21490-21530 yuan / ton, up 400 yuan
.
Holders follow the price adjustment of the market, the receiving party is generally enthusiastic about replenishment, the trading atmosphere is flat, and the overall trading volume is limited
.

The outbreak of the domestic epidemic in many places suppressed the spot market transaction and curbed consumption expectations, but the growth rate of aluminum exports in March was gratifying, according to data from the General Administration of Customs, the export volume of forged aluminum and aluminum products at the end of March was 594361 tons, and there is still a demand gap in the market, global inventories are still at a low level, and aluminum is expected to rise
.

Today's Shanghai aluminum strong trend, the domestic epidemic continues to be tense and the peak season is postponed, but the bullish sentiment in the spot market drives downstream consumption expectations, and the growth rate of aluminum exports in March is gratifying, the market still has a demand gap, and short-term aluminum prices are strong
.

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