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    Home > Chemicals Industry > New Chemical Materials > December 1 Shanghai aluminum morning review

    December 1 Shanghai aluminum morning review

    • Last Update: 2022-12-07
    • Source: Internet
    • Author: User
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    Shanghai aluminum main force opened at 14600 yuan / ton in the morning, after the opening of Shanghai aluminum around the daily moving average narrow range oscillation, the center of gravity has shifted down, closed at 14545 yuan / ton, the position decreased by 6630 hands to 303962 lots, the Internet spread Shandong production limit news continues to ferment little space, but the short risk aversion market may occur, it is expected that today's Shanghai aluminum main contract shock running at 14450 ~ 14650 yuan / ton
    .

    Shanghai aluminum

    In terms of the market, on the same day, the spot price of SMM A00# aluminum was 14160 yuan / ton, down 270 yuan / ton from the previous day, and the discount was 150 yuan / ton compared with the near-month contract, the discount was slightly reduced, the shipment attitude of the holders was slightly improved, the aluminum fell sharply, the market bearish atmosphere was strong, middlemen and downstream enterprises received goods on demand, the overall transaction remained sluggish, and the spot transaction was difficult to support the aluminum price
    .

    In terms of news, aluminum prices have recently fallen below the level before the implementation of supply-side reforms, causing aluminum companies to lose a large area, even so, before the rumors that the Shandong Provincial Environmental Protection Bureau asked Weiqiao to limit production as required, aluminum prices showed no signs of
    stopping.
    Whether Weiqiao will implement production restrictions as desired needs to be further implemented, before which aluminum prices or oscillations are adjusted
    .
    Operationally
    , it is recommended to wait and see.

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