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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum is strong and volatile The market is still looking forward to follow-up demand

    Shanghai aluminum is strong and volatile The market is still looking forward to follow-up demand

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2105 contract opened at 17620 yuan / ton, the highest intraday 17650 yuan / ton, the lowest 17445 yuan / ton, settled 17540 yuan / ton, and closed at 17515 yuan / ton, up 40 yuan
    .
    Today's Shanghai aluminum is strongly volatile, the new production capacity of electrolytic aluminum under high profits is still strong, the rumors of storage dumping have not been confirmed, and the market still has expectations
    for follow-up demand.

    Shanghai aluminum

    Today, Lun aluminum is running high, and the LME three-month aluminum Beijing time is at 2259.
    5 US dollars / ton at 15:01, up 29.
    5 US dollars, or 1.
    32%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 17490-17530 yuan / ton, up 80 yuan; Guangdong South Reserve reported 17480-17540 yuan / ton, up 70 yuan; Hua reported 17600-17620 yuan / ton, up 80 yuan
    .
    Holders are actively shipping, the enthusiasm for receiving goods is low, the enthusiasm of large households to receive goods is general, and the transaction has weakened
    .

    On the macro front, Biden will launch the first phase of the $2 trillion economic plan to restore US infrastructure; Restrictions or escalation of the epidemic in France have caused concern
    in Europe.
    Consumption is unsatisfactory, high-priced aluminum has a greater pressure on transactions, and the risk of chasing is higher, but peak season demand and macro sentiment are still there, and there is support at a high level; Short-term aluminum prices rebounded significantly, there is no significant positive promotion, spot supply and demand may fall into a tug-of-war
    again.

    Recently, high aluminum prices have begun to gradually transmit to the terminal, and it still takes some time, so the continuity of destocking is general, and there is a small accumulation
    in the middle of the week.
    However, as the price falls, the downstream just need to purchase is not weak, while the two major demand sectors of construction and cable have a recovery trend, destocking is still the mainstream, so the next two quarters demand expectations are still relatively optimistic, the aluminum price to form a support, if there is no macro obvious disturbance, aluminum prices will fluctuate strongly
    .

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