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    Home > Chemicals Industry > New Chemical Materials > Shanghai aluminum upward drive is insufficient The overall trading of the market is weak

    Shanghai aluminum upward drive is insufficient The overall trading of the market is weak

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2209 contract, opening 18640 yuan / ton, the highest intraday 18690 yuan / ton, the lowest 18320 yuan / ton, settlement 18495 yuan / ton, the end of the close to 18330 yuan / ton, down 165 yuan, down 0.
    89%.

    Shanghai aluminum

    Today's Lun aluminum volatility is lower, LME three-month Beijing time at 15:01 at 2382 US dollars / ton, down 31 US dollars, or 1.
    31%
    from the previous trading day's settlement price.

    Today's Shanghai aluminum trend in the morning is strong, the afternoon high diving, internal and external refineries have released large-scale production reduction news, stimulating aluminum prices to rise further, but the weak demand side has not improved for the time being, sluggish real estate data continues to drag down downstream consumption performance, Shanghai aluminum upward drive is insufficient, turned to high surging
    .

    In terms of the market, today's spot trading price of the Yangtze River is 18620-18660 yuan / ton, up 170 yuan, discount 15-liter 25; Guangdong spot 18460-18520 yuan / ton, up 130 yuan, discount 175-discount 115; Hua reported 18670-18710 yuan / ton, up 160 yuan / ton
    .
    Today's spot circulation is more abundant than yesterday, holders follow the downward adjustment of shipments, downstream buying is not prosperous, and the overall trading is weak
    .

    At present, the European aluminum smelter chose to close due to high electricity prices, which aggravated supply concerns, because aluminum is the most energy-intensive metal in the production process, and it is extremely dependent on the demand for natural gas and coal power, and both internal and external production cuts have been released to help aluminum prices rebound rapidly, superimposed on low inventories to support aluminum prices below, and aluminum may rise
    .

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