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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opens high and goes high The macro atmosphere is still not optimistic

    Shanghai aluminum opens high and goes high The macro atmosphere is still not optimistic

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2211 contract, opening 18305 yuan / ton, the highest intraday 18510 yuan / ton, the lowest 18285 yuan / ton, settlement 18285 yuan / ton, the end of the close to 18460 yuan / ton, up 175 yuan, or 0.
    96%.

    Shanghai aluminum

    Today's Lun aluminum rebounded from a low level, and the LME was reported at $2,207 / ton at 15:01 Beijing time for three months, up $17, or 0.
    78%,
    from the previous session's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18410-18450 yuan / ton, up 40 yuan, discount 10-liter 30; Guangdong spot 18540-18600 yuan / ton, up 100 yuan, premium 120-liter 180; Hua reported 18470-18510 yuan / ton, up 50 yuan
    .
    Today's bearish sentiment of holders is mainly adjusted upward to shipments, the receiver replenishes a small amount, the trading atmosphere is general, and the actual trading volume is average
    .

    Industry news, Alcoa hopes that the US government will take measures against Rusal; In order to cope with heavy pollution weather, Shanxi alumina production supervision has become stricter, according to statistics, as of mid-October 2022, Shanxi alumina built capacity reached 25.
    95 million tons, capacity utilization rate of about 66%, more than seventy percent of enterprises have been in a state of production reduction, more than 30% of production capacity is still in shutdown, the overall operation of the region is not high, and the proportion of production can be reduced is relatively limited
    .

    Domestic aluminum fundamentals are healthy, Yunnan production reduction is gradually cashed in, Sichuan-Chongqing region and Guangxi region are slow to resume production, supply increment is not obvious, and aluminum prices fell back to the lower edge of the recent shock range, once again stimulating the sentiment of aluminum enterprises stocking spot transactions turned good, downstream replenishment pushed up the premium to support aluminum prices and short-term costs are difficult to fall, coal power prices continue to rise and cost losses expand, superimposed aluminum prices relative to other metals to resist the decline, is expected to rise in aluminum
    .

    Today's Shanghai aluminum high open, macro atmosphere is still not optimistic, the strength of the dollar and the hawkish Fed interest rate hike never give up pressure, Shanghai aluminum daily market is not afraid to continue to run strongly, superimposed on the high price of domestic coal power, major major aluminum enterprises capacity repair is not as expected, Yunnan production cuts continue to cash, to a certain extent support for the price, aluminum prices closed strongly
    .

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