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    Home > Chemicals Industry > New Chemical Materials > May 22 Shanghai aluminum morning review

    May 22 Shanghai aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14805 yuan / ton, Shanghai aluminum did not follow the trend of the external market, opened downward, recorded a low of 14725 yuan / ton, and then around the daily moving average narrow range, closed at 14760 yuan / ton, trading volume reduced 126,000 hands to 46260 lots, position decreased 2504 hands to 283024 lots
    .
    The holding volume of Shanghai aluminum index decreased by 1244 hands to 661092 lots, and the volatile market made the aluminum futures lose the favor of funds, paying attention to the impact of destocking on the aluminum futures, and it is expected to run 14690~14850 yuan / ton
    in the day.
    Spot discount 100~60 yuan / ton
    .

    Shanghai aluminum

    Sino-US trade negotiations reached a consensus, market risk appetite was repaired, and Shanghai aluminum prices returned to fundamentals
    .
    The tightening of domestic environmental protection supervision and the continuous dematerialization of inventories supported aluminum prices, but investors' concerns about the oversupply of electrolytic aluminum did not subside, resulting in the rebound of Shanghai aluminum was not enough to make up for the gap above
    .
    It is expected that Shanghai aluminum will run in shocks, so it is recommended that Shanghai aluminum take more profit and exit the market
    .

    At present, Shanghai aluminum night trading slightly pullback, in the short term there is no possibility of approaching 15,000 yuan, aluminum prices have resisted the decline obviously, cost support is solid, domestic total inventory continues to decline, fundamental recovery continues, it is expected that today's Shanghai aluminum high level will stabilize.

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