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    Home > Chemicals Industry > New Chemical Materials > Weaker fundamentals margin, Shanghai aluminum shock consolidation

    Weaker fundamentals margin, Shanghai aluminum shock consolidation

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2109 contract, open 20090 yuan / ton, the highest intraday 20135 yuan / ton, the lowest 19920 yuan / ton, settlement 20110 yuan / ton, the end of the close to 20130 yuan / ton, up 20 yuan
    .
    Today's Shanghai aluminum shock is higher, the domestic social treasury has accumulated slightly, and the downstream consumption off-season performance, the fundamentals are marginally weakened, but many factors such as power restrictions and production restrictions have a greater impact on processing enterprises, and aluminum prices are volatile and consolidated
    .

    Shanghai aluminum

    Today's Lun aluminum is on the strong side, LME three-month Beijing time at 15:01 at 2592 US dollars / ton, up 18 US dollars, or 0.
    68%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 20020-20060 yuan / ton, which is stable; Guangdong South Reserve reported 20140-20200 yuan / ton, down 10 yuan; China reported 20080-20120 yuan / ton, up 30 yuan
    .
    Near the weekend, the holders actively shipped and cashed, the receivers partially purchased at a low price, the downstream consumer demand was weak, and the overall transaction atmosphere was average
    .

    Tomago Aluminium, Australia's largest aluminium smelter, is in a growing CONID cluster and may be forced to scale back production
    as more employees go into quarantine.

    The increase in domestic aluminum arrivals has led to a small accumulation, mainly Foshan and Wuxi to provide a small increase, and Foshan due to the arrival of more goods out of the warehouse and accumulation, Shanghai area less arrival but still accumulated, downstream consumption weakening impact reflected, coupled with the weekend before the long exit to suppress the futures price, it is expected that the current aluminum fall.

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