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    Home > Chemicals Industry > New Chemical Materials > December 14 aluminum market morning review

    December 14 aluminum market morning review

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market morning comment: macro profits concentrated release after the market sentiment cooled, and the UK no-deal Brexit concerns heated up, last Friday the outer metal rushed back down, London Stock Exchange three-month aluminum price closed down 0.
    73% to 2032 US dollars / ton
    .
    Shanghai aluminum overnight trading narrow range, the main 2101 contract closed slightly above 16150 yuan / ton
    .

    Aluminum City

    In the morning, the overall trading of the spot market fell again, the price rebounded rapidly again and once again inhibited the willingness to receive goods downstream, the market wait-and-see sentiment was stronger, and the mainstream quotation in Shanghai was also lowered from 16720 yuan / ton to 16640 yuan / ton, and the premium was about
    40 compared with futures.
    The mainstream transaction price in Guangdong was lowered from 16760 yuan / ton to 16710 yuan / ton
    .

    At present, the overall terminal consumption remains stable, but under the pressure of environmental protection, Henan aluminum processing enterprises have reduced production in a large area or made explicit inventories rise, suppressing the bulls
    .
    Short-term inventories are still low and have some support for prices, but there are expectations of weakening in late consumption, and macro sentiment is also volatile
    .
    Operationally, it is recommended to have a high-altitude far-month contract
    .

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