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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum continues to strengthen and the upper space is limited

    Shanghai aluminum continues to strengthen and the upper space is limited

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2009 contract opened at 14,500 yuan / ton, with an intraday high of 14,665 yuan / ton, a minimum of 14,475 yuan / ton, a settlement of 14,555 yuan / ton, and a closing of 14,635 yuan / ton, up 210 yuan
    .
    Today, Shanghai aluminum continues to strengthen, the improvement of external demand driven by limited export increment, the supply growth trend remains unchanged, and the short-term aluminum price has limited upper space
    .

    Shanghai aluminum

    In the external market, today's London aluminum fluctuated to the upside, LME three-month aluminum Beijing time at 15:01 at 1783 US dollars / ton, up 10 US dollars, or 0.
    56%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 14630-14670 yuan / ton, up 120 yuan; Guangdong South Reserve reported 14570-14630 yuan / ton, up 110 yuan; Hua reported 14730-14750 yuan / ton, up 100 yuan
    .
    The enthusiasm of large households to receive goods is general, and the downstream receives goods on demand, and the transaction is general
    .

    Overall, due to suppressive factors such as slowing demand and a slight increase in inventory, it is difficult for Shanghai aluminum to continue to reach new highs
    .
    From the perspective of supply and demand, the domestic off-season inventory remained low in July and August and did not accumulate significantly, demand decreased slightly while supply continued to increase, and the marginal supply and demand structure weakened
    .
    At present, the inventory continues to accumulate and superimpose the release of domestic production capacity, aluminum prices are mainly dominated by funds, and the game between strong reality and weak expectations is becoming increasingly intense
    .
    Operationally, it is recommended to speculate long orders to continue to hold with the trend, set protective stop losses, chase long and pay attention to the risk of large fluctuations at high levels, and new orders are recommended to wait and see
    .

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