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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum afternoon review on May 21

    Shanghai aluminum afternoon review on May 21

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the opening price of Shanghai aluminum was 14280 yuan / ton, the opening long position increased, the plate slightly rushed up to 14320 yuan, after the long and short game, the long position reduced, the plate instantly fell to 14225 yuan, the end of the short profit exit, closed at 14250 yuan, down 35 US dollars / ton from the daytime closing price, down 0.
    25%, the position decreased by 688 hands to around 260,000 hands, mainly
    long position reduction.

    Shanghai aluminum

    Yesterday's SMM statistics that the national electrolytic aluminum inventory continued to fall by 37,000 tons to 1.
    309 million tons, superimposed alumina or continue to rise in price to raise the cost of electrolytic aluminum, it is expected that today's Shanghai aluminum run between 14250 ~ 14350 yuan, spot to the month flat water to 20 yuan
    liter.

    On May 20, the domestic spot aluminum price fell slightly, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 14290 yuan / ton, down 40 yuan; The AOO aluminum ingot price in East China was reported at 14290 yuan / ton, down 80 yuan
    .
    The macro environment is unstable, the protracted trade dispute between the world's two largest economies is likely to intensify, aluminum prices are weak to rise, and spot aluminum prices are expected to fall
    today.

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