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    Home > Chemicals Industry > New Chemical Materials > The main force of Shanghai aluminum fell slightly, and downstream demand showed signs of recovery

    The main force of Shanghai aluminum fell slightly, and downstream demand showed signs of recovery

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    On Wednesday, the main 2105 contract of Shanghai aluminum fell slightly, with the highest 17595 yuan / ton and the lowest 17370 / ton within the day, closing at 17460 yuan / ton, down 0.
    31% from the closing price of the previous trading day; LME aluminum shock adjustment, as of 15:00 Beijing time, 3-month Lun aluminum was reported at 2252 US dollars / ton, down 0.
    35%
    on a daily basis.

    Shanghai aluminum

    Market focus: (1) The IMF forecasts that the global economy will grow by 6% this year, up from an estimated 5.
    5% in January, of which the US economy will grow by 6.
    4%, the fastest growth rate since the early 1980s; Global economic growth will narrow to 4.
    4%
    in 2022.

    Spot analysis: On April 7, spot A00 aluminum was reported at 17370-17410 yuan / ton, with an average price of 17390 yuan / ton, down 120 yuan / ton
    daily.
    Holders slightly raised prices, receivers were more active, large households were more enthusiastic in receiving goods, and transaction activity rebounded
    slightly.

    Warehouse receipt inventory: Shanghai aluminum warehouse receipts totaled 153181 tons on Wednesday, a daily decrease of 502 tons, a 4-day decline; On April 1, LME aluminum stocks were 1,889,400 tons, a daily decrease of 7,675 tons
    .

    Main positions: the top 20 long positions of Shanghai aluminum main 2105 contract 123605 lots, a daily decrease of 1899 lots, a short position of 134813 lots, a daily decrease of 3283 lots, a net short position of 11208 lots, a daily decrease of 1384 lots, long and short reduction, net space reduction
    .

    Market research and judgment: Shanghai aluminum 2105 fell
    slightly on April 7.
    There is news that the National Reserve Bank plans to collect aluminum ingots before selling, raising concerns about increased supply; At present, the speed of domestic production capacity launch is slow, and the dual control policy of energy consumption in Baotou in Inner Mongolia also affects
    output.
    Recently, aluminum ingot inventories have shown a downward trend, and aluminum inventories in Japanese ports have also declined, and downstream demand has shown signs of recovery, supporting aluminum prices
    .
    Technically, the center of gravity of the main 2105 contract of Shanghai aluminum has gradually moved upward, and the mainstream short positions have been greatly reduced, and it is expected that the market volatility will be strong
    .

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