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October 16 aluminum market morning review

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

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Aluminum market morning comment: overnight external metals first suppressed and then rose, the market's strong optimism about China's economy boosted metal prices
.
The London Stock Exchange three-month aluminum price closed at $1854.
5 / ton
.
The domestic night trading showed a V-shaped trend, and the main 2011 contract was as low as 14515 yuan / ton, closing at 14685 yuan / ton
.

Aluminum City

The overall transaction of the spot market in the morning lacks bright spots, and the downstream on-demand procurement is not high overall
.
The mainstream trading price in Shanghai is 14950 yuan / ton, which is about 50 higher than the futures
.
The mainstream transaction price in Guangdong is around 14800 yuan / ton
.

Affected by the current low inventory, although the growth momentum of terminal consumption is insufficient, but the demand for long-term trade execution makes the spot continue to rise, the futures price pulls greatly, short-term this situation or continuation, but in the case of accelerated production growth, this situation or gradual change, the rise in prices is inhibited
.
Operationally, it is recommended to operate
at a high altitude and in the air.

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