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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opened low and went low to sell storage to ease market supply pressure

    Shanghai aluminum opened low and went low to sell storage to ease market supply pressure

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2110 contract, open 21305 yuan / ton, the highest intraday 21340 yuan / ton, the lowest 21050 yuan / ton, settlement 21325 yuan / ton, the end of the close to 21075 yuan / ton, down 250 yuan
    .
    Today's Shanghai aluminum opened low and went low, domestic manufacturing data was less than expected, economic downside risks increased, superimposed on today's storage of the third batch of aluminum ingots, the highest bidding in various places was released, short-term relief of the pressure of insufficient supply of aluminum ingots in the market, hit bullish sentiment
    .

    Shanghai aluminum

    Today, Lun aluminum rushed back down, and the LME reported at $2,693 / ton at 15:01 Beijing time for three months, down $13, or 0.
    48%,
    from the previous trading day's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 21160-21120 yuan / ton, down 100 yuan; Guangdong South Reserve reported 21210-21270 yuan / ton, down 70 yuan; Hua reported 21190-21230 yuan / ton, down 80 yuan
    .
    The bearish cargo holders have shipped goods, the receiving party actively purchased when it fell, the trading performance was average, and the overall transaction was cold
    .

    Domestic inventory is still at a low level, power rationing and production restrictions occur frequently, electrolytic aluminum as a large power consumer, production capacity release continues to be disturbed, but the state to the soaring aluminum price to further strengthen regulation, China Nonferrous Metals Industry Association held a backbone electrolytic aluminum enterprise video conference, in order to do a good job in the electrolytic aluminum industry to ensure supply and price stability, now aluminum or fall.

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