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November 27 aluminum market morning review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Aluminum market morning comment: overnight aluminum prices strengthened again, but the dollar index rebounded to suppress price gains, and the London Stock Exchange three-month aluminum price closed at $1976 / ton, up 0.
38%.

Shanghai aluminum night trading continued to be strong, the main 2101 contract closed above 15950 yuan / ton
.

Aluminum City

The spot market cooled down in the morning, with high willingness of holders to ship, intermediaries receiving goods slightly cautiously, and downstream on-demand purchases
.
The mainstream trading price in Shanghai is around 16140 yuan / ton, which is about 120 higher than futures
.
The mainstream transaction price in Guangdong is around 16220 yuan / ton
.

At present, domestic consumption has maintained a stable trend
.
Although production is still rising, the supply of aluminum ingots has not increased significantly, and the strong trade links have made the inventory continue to deteriorate
.
In the short term, this situation is difficult to reverse, resulting in prices that are prone to rise and fall
.
Short-term callbacks are recommended for more operations
.

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