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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon comment on October 31

    Shanghai aluminum afternoon comment on October 31

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Shanghai aluminum continued to fall overnight, the main Shanghai aluminum 2212 closed at 18030 down 280, LME March aluminum closed at 2231 down 57; In terms of spot, SMM East China Aluminum reported 18300 down 280 discount 30 down 10, Foshan South Reserve Aluminum reported 18450 down 290, the spot performance on the 28th was poor, the holder actively shipped to suppress the premium, the premium stabilized after the big fall, Wuxi quotation discount 30 to the average price, Foshan discount 40 to the average price
    .

    Shanghai aluminum

    On the macro front, the preliminary annualized quarterly rate of real GDP in the United States in the third quarter was actually announced at 2.
    60%, higher than the expected 2.
    4%, reversing the contraction trend in the previous two quarters, and the dollar stabilized and rebounded
    .

    The spread of the epidemic, coupled with the collective release of currency resolutions by overseas central banks this week, aluminum prices may show a bottom-out first, and then stabilize and rebound, and downstream procurement enthusiasm will improve after spot prices fall, providing support for aluminum prices, but there is not much positive factor in the short term, LME sanctions against Russia are still pending, and the upper space is relatively limited
    .

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