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February 18 aluminum market morning review

 Last Update: 2022-12-21
 Source: Internet
 Author: User

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Aluminum market morning comment: the overseas epidemic slowed down to boost market risk appetite, the external aluminum price during the Spring Festival reached a new high, the London Stock Exchange three-month aluminum price on Wednesday was as high as 2117 US dollars / ton, closing at 2112.
5 US dollars / ton, up 1.
2%, up 2.
13%
from before the Spring Festival.

Aluminum City

Before the holiday, the domestic spot market tended to be silent, buyers and sellers traded sporadically, and the mainstream quotation in Shanghai was around 15820 yuan / ton, which was about 50 higher than the futures
.
The mainstream quotation in Guangdong is 15780 yuan / ton
.

Domestic consumption is expected to recover quickly after the holiday, and the release of production capacity is still limited, while the sharp improvement of the overseas epidemic and the accelerated vaccination will also promote the recovery of overseas consumption, and aluminum prices will remain strong after the holiday in the context of loose global liquidity
.
It is recommended to take advantage of the dip and go long
.

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