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Today's Shanghai aluminum stop falling and rebound, the main contract fluctuated in a narrow range above 13600, and closed at 13635 at the end of the day, up 75 yuan, or 0.
55%,
from the previous trading day.
In November, the production of alumina and electrolytic aluminum increased year-on-year, the supply pressure increased, the fundamentals were weak and difficult to change, coupled with the downward movement of the cost of electrolytic aluminum, the space above Shanghai aluminum should not be overly high, and it is still difficult to get rid of the low shock in the short term
.
It is expected that tomorrow's spot aluminum will not fluctuate much
.
In terms of industry, China exported 536,000 tons of unwrought aluminum and aluminum products in November, an increase of 54,000 tons over the previous month, an increase of 41.
05% year-on-year; From January to November, China exported 5.
27 million tons of unwrought aluminum and aluminum products, an increase of 21.
1%
year-on-year.
The domestic futures market was dominated by industrial product shocks, and Shanghai aluminum rebounded and fell slightly, maintaining a resistance downward trend
.
Tomorrow's aluminum price material sideways, little change, for reference
only.
