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    Home > Chemicals Industry > New Chemical Materials > The main shock of Shanghai aluminum is strong, and the overall trading of the market is relatively general

    The main shock of Shanghai aluminum is strong, and the overall trading of the market is relatively general

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
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    On Thursday, the main 2201 contract of Shanghai aluminum fluctuated strongly, with the highest 19575 yuan / ton, the lowest 19280 yuan / ton, closing at 19560 yuan, up 1.
    82% from the closing price of the previous trading day; LME aluminum shock operation, as of 15:00 Beijing time, 3-month Lun aluminum reported 2726 US dollars / ton, up 0.
    87%
    from the previous trading day.

    Shanghai aluminum

    Market focus: (1) As of November 25, according to Mysteel statistics, China's electrolytic aluminum social inventory was 1.
    016 million tons, down 05,000 tons from Monday (November 22) and 611,000 tons
    in the same period last year.

    Spot analysis: SMM spot A00 aluminum reported 19300-19340 yuan / ton, the average price was 19320 yuan / ton, up 200 yuan
    from the previous trading day.

    Warehouse receipt inventory: Shanghai aluminum warehouse receipt 213796 tons, daily increase of 2980 tons; LME aluminum inventory was 935,750 tons, a daily decrease of 7,375 tons
    .

    Main positions: the top 20 long positions of Shanghai aluminum main 2201 contract held 136020 lots, -6206 lots, short positions 130383 lots, -6235 lots, net long positions 5666 lots, -29 lots
    .

    Market analysis: China's real estate policy easing stimulates optimistic expectations of consumption, rising inflation in the United States and the Indonesian president once again reiterating the ban on the export of bauxite in 2022, boosting market sentiment
    .
    In the recent stage, the reduction of aluminum production and the resumption of production are parallel, but the reduction in production caused by power rationing and dual control of energy consumption is still greater than the resumption of production in the month, and the phenomenon of production reduction and shutdown in various production areas, Lüliang alumina enterprises will carry out peak shifting production in autumn and winter, and the supply of production areas will be disrupted
    again.
    At the same time, coal prices stabilized and rebounded, electrolytic aluminum was destocked again, and Shanghai, Hangzhou, Foshan, Hai'an and Gongyi regions contributed mainly to the decline
    .
    In the spot market, the holders actively ship, the purchasing sentiment of the receiving party is weak, the bargain hunting is mainly on-demand, and the overall transaction is more general
    .

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