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Today's Shanghai aluminum main month 2202 contract, opening 19680 yuan / ton, the highest intraday 20100 yuan / ton, the lowest 19680 yuan / ton, settlement 19570 yuan / ton, the end closed to 20080 yuan / ton, up 510 yuan, or 2.
61%; The trading volume of the main 2202 contract of Shanghai aluminum increased by 109200 lots 285629 lots throughout the day, and the position of 222880 contracts increased by 107139 lots
.
Today's Shanghai aluminum trend is strong, market risk appetite is heating up, European electricity prices soared once triggered production reduction concerns, coupled with the continuous decline of domestic aluminum ingot social library, aluminum prices have strong support, short-term strong shocks
.
Today, Lun aluminum rebounded higher at a low level, and the LME was quoted at $2,791 / ton at 15:01 Beijing time for three months, up $23, or 0.
83%,
from the previous session's settlement price.
In terms of the market, today's spot trading price of Yangtze River is 19530-19570 yuan / ton, up 140 yuan; Guangdong South Reserve reported 19620-19680 yuan / ton, up 1400 yuan; Hua reported 19590-19630 yuan / ton, up 140 yuan
.
Holders discount the goods, actively ship at the high, the receiver replenishes a small amount of low-price, the transaction is significantly weakened, and the overall transaction is weak
.
Fundamentally, the resumption of production progress of enterprises in Yunnan is relatively slow, the dual control policy of energy consumption still suppresses the resumption of electrolytic aluminum production capacity, and factors such as environmental protection inspectors and the Winter Olympics have increased the risk
of production reduction for electrolytic aluminum enterprises.
Overseas, European electricity prices are high, energy problems still exist, and the epidemic prevention measures in various countries have become stricter, and the risk of reducing production shutdowns has increased
.
On the cost side, with the price of alumina falling back to 3,000 yuan / ton, and the decline in the price of pre-cultivated anodes, electrolytic aluminum smelting enterprises have returned to profitability
.
On the consumer side, the holders were bearish on price adjustment shipments, the receivers were low and less collected, and the overall transaction was flat
.
Recently, the operating rate of downstream processing enterprises has continued to rise, and the willingness of downstream replenishment to catch up with orders at the end of the year is strong, and the performance of the consumer side is stable, but the Spring Festival off-season is coming, and the downstream has successively suspended work during the holiday, and the demand may weaken
in the later period.
In terms of price, the current aluminum market fundamentals are relatively stable, and the overall pattern of tight supply and demand continues to continue, and aluminum prices are expected to fluctuate
at a high level.
