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Shanghai aluminum afternoon comment on May 23

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Shanghai aluminum main 1907 contract night gap low opened at 14085 yuan, the first half of the trading time to short low position building, the plate rebounded to 14135 yuan, the second half of the long position successively reduced, the lowest fell back to 14060 yuan, and finally closed at 14105 yuan, down 20 yuan / ton from the closing price, down 0.
14%, the position decreased by 1438 hands to about 236,000 hands, mainly short positions
.

Shanghai aluminum

Although domestic alumina supports aluminum prices at cost, the news of overseas Hydro's resumption of production has suppressed bulls' confidence
.
At present, aluminum prices are adjusted in the short term, and it is expected to run between 14050-14200 yuan today, and the spot pair will rise between 10 yuan in the same month
.

The price of AOO aluminum ingots in East China was reported at 14240 yuan / ton, down 20 yuan
.
The lifting of production restrictions on the world's largest alumina plant by the Brazilian court will increase the supply of alumina and electrolytic aluminum, while the resumption of domestic aluminum production capacity is also gradually increasing, and aluminum prices are in a weak shock pattern, and spot aluminum prices are expected to fall
today.

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