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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum opens low and goes low and faces greater pressure

    Shanghai aluminum opens low and goes low and faces greater pressure

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2107 contract, opening 18465 yuan / ton, the highest intraday 18580 yuan / ton, the lowest 18370 yuan / ton, settlement 18725 yuan / ton, the end of the close to 18380 yuan / ton, down 345 yuan
    Today's Shanghai aluminum opened low and went low, the Fed's tightening speed is expected to accelerate, the dollar has rebound demand, and there is domestic reserve news fermentation, aluminum prices are facing greater pressure

    Shanghai aluminum

    In terms of external trading, today's Lun aluminum is running strongly, and the LME was reported at $2,389 / ton at 15:02 Beijing time for three months, up $23, or 0.
    from the settlement price of the previous trading day.

    On the macro front, the US dollar index rose again due to the impact of the Fed's interest rate meeting, once reaching above 92, and commodities were affected by the US dollar index
    Previously, the Fed meeting decided to raise the interest rate on excess reserves and reverse repurchase agreements, and expected two rate
    hikes by 2023.
    The Fed's hawkish statement this time exceeded market expectations, and the dollar index supported or strengthened
    in the short term.

    In terms of the market, today's spot trading price of Yangtze River is 18520-18560 yuan / ton, down 100 yuan; Guangdong South Reserve reported 18730-18790 yuan / ton, down 90 yuan; Hua reported 18580-18620 yuan / ton, down 100 yuan
    The receiving party is optimistic about the active procurement in the future market, and the enthusiasm of large households to receive goods is better, and the holders will adjust the price and ship the goods, and the market trading atmosphere is acceptable

    The social stock of electrolytic aluminum fell below 900,000 tons, indicating that the terminal demand was better
    The dust of the national reserve throwing aluminum has settled, which has a pulsive impact on the price of aluminum, and pays attention to the implementation of the dumping of
    Overall, the trend of aluminum prices may be weak under the upward background of the US dollar index, focusing on the support
    of 18,000 yuan / ton.

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