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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opens high and goes low, and the fundamentals do not have a strong driving force for the time being

    Shanghai aluminum opens high and goes low, and the fundamentals do not have a strong driving force for the time being

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
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    On Wednesday, the main monthly 2302 contract of Shanghai aluminum opened at 19060 yuan / ton, the highest intraday was 19120 yuan / ton, the lowest was 18735 yuan / ton, the settlement was 18905 yuan / ton, and the end closed at 18785 yuan / ton, down 120 yuan, or 0.

    Shanghai aluminum

    In the external market, Lun aluminum was strongly volatile, and the LME reported at 2412 US dollars / ton at 15:01 Beijing time for three months, up 17 US dollars, or 0.
    from the settlement price of the previous trading day.

    In terms of the market, the spot transaction price of Yangtze River was 18950-18990 yuan / ton, down 90 yuan, and the discount was 15-25; Guangdong spot 18980-19040 yuan / ton, down 70 yuan, premium 15-liter 75; Hua reported 19000-19040 yuan / ton, down 90 yuan
    The market circulation of goods has increased, there has been a stampede among the holders to liquidate, the receiver has reduced the price and less mining, the demand for replenishment is still weak, and the transaction performance is average

    Shanghai aluminum opened high and low during the day, domestic aluminum fundamentals have no strong driving force, demand off-season superimposed on the upcoming holiday and other factors resonance across the price trend, but aluminum inventory is at a historically low level, still providing support for the price, aluminum price decline is limited, the trend is weak

    At present, the aluminum market is not driven by obvious positive factors, it is understood that some downstream enterprises or after New Year's Day to start the holiday, the traditional seasonal accumulation cycle is coming, there is still some pressure above Shanghai aluminum 19000, but the cost support of the decline space is also limited
    Yesterday, there was no major change in the transaction situation in various places, there were more shipments in the market, the discount continued to expand, the trading atmosphere was light, and the electrolytic aluminum spot buying intensity index fell
    In the short term, continue to pay attention to the 18500-19000 range oscillation

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