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July 23 aluminum market morning review

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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Aluminum market morning comment: market risk appetite returned, overnight metal general rise, London Stock Exchange three-month aluminum price closed up 0.
33% to 2465.
5 US dollars / ton
.
Shanghai aluminum night trading gap high, the main 2109 contract up to 19340 yuan / ton, closed at 19290 yuan / ton
.

Aluminum City

In the morning, the spot market trading improved slightly, due to the decrease in market arrivals, the dematerialization of inventory, the tight supply of circulable goods, the slightly higher prices of shippers, and the downstream bargain hunting
.
The mainstream trading price in Shanghai is 19,060 yuan / ton, which is about 30 lower than the futures discount
.
The mainstream transaction price in Guangdong is around 19130 yuan / ton
.

Off-season destocking and frequent recent supply disruptions boosted bullish information, while the second batch of upcoming reserve aluminum was still less than market expectations
.
However, the determination of relevant departments to regulate the market cannot be ignored, and the price is limited
.
Short-term aluminum prices or maintain range-bound trends, it is recommended to wait and see or range operations
.

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