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Shanghai aluminum runs at a low level within the day, and the market trading atmosphere is weak

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Today's Shanghai aluminum main month 2110 contract, opening 22500 yuan / ton, the highest intraday 22640 yuan / ton, the lowest 21920 yuan / ton, settlement 22780 yuan / ton, the end of the close to 22495 yuan / ton, down 285 yuan
.
Today's Shanghai aluminum is running at a low level, high aluminum prices inhibit terminal consumption, and outbound shipments are also suppressed, coupled with a slight increase in domestic electrolytic aluminum social inventory, short-term aluminum prices continue to decline
.

Shanghai aluminum

Today, Lun aluminum fluctuated higher, and the LME was quoted at $2,876 / ton at 15:01 Beijing time for three months, up $45, or 1.
57%,
from the previous session's settlement price.

In terms of the market, today's spot trading price of Yangtze River is 22220-22260 yuan / ton, down 650 yuan; Guangdong South Reserve reported 22210-22270 yuan / ton, down 660 yuan; Hua reported 22270-22310 yuan / ton, down 650 yuan
.
Seeing the continued downward sentiment is not good, the holders turned to actively adjust prices and shipments, the receiving party was bearish and wait-and-see, the trading atmosphere was weak, and the overall market transaction performance was average
.

In terms of news, domestic electrolytic aluminum continued to accumulate, with a total of 99,788 tons of Shanghai aluminum warehouse receipts, a daily increase of 5,220 tons, and yesterday's accumulation was close to 20,000 tons; High aluminum prices inhibit downstream consumption, squeeze profits in downstream primary processing links and more terminal consumption links, and gradually weaken the enthusiasm of terminal enterprises for procurement, and aluminum may continue to decline
.

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