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    Home > Chemicals Industry > New Chemical Materials > The trend of Shanghai aluminum is unstable, and the demand for peak season has not been fulfilled

    The trend of Shanghai aluminum is unstable, and the demand for peak season has not been fulfilled

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum main month 2210 contract, opening 18790 yuan / ton, the highest intraday 19020 yuan / ton, the lowest 18680 yuan / ton, settlement 18925 yuan / ton, the end of the close to 18710 yuan / ton, down 215 yuan, up 1.
    14%.

    Today's Shanghai aluminum opened high and fell, the current aluminum supply pressure is not large, Yunnan production reduction supports aluminum prices, but risk events are approaching, domestic demand improvement is insufficient, Shanghai aluminum trend is unstable, Shanghai aluminum fell wider
    .

    Shanghai aluminum

    Today, Lun aluminum opened high and narrowly lower, and the LME was reported at $2,267 / ton at 15:01 Beijing time for three months, down $16, or 0.
    70%,
    from the previous session's settlement price.

    In terms of the market, today's spot trading price of Yangtze River is 18750-18790 yuan / ton, down 100 yuan, discount 65-discount 25; Guangdong spot 18730-18790 yuan / ton, down 120 yuan, discount 85-discount 25; Hua reported 18880-18840 yuan / ton, down 100 yuan
    .
    The circulation supply is abundant, and the shippers' shipments are hindered and want to be lowered to stimulate shipments, while the downstream bearish is not eager to replenish the goods, the wait-and-see attitude is most, and the overall trading is weak
    .

    Domestic economic data in August exceeded expectations, economic recovery, investment, consumption, production have recovered, the overall economic prosperity continues to rise, and Yunnan production restrictions to compress market supply, starting capacity will fall below 40 million tons, and the recent domestic production capacity from the peak of the year fell by 2 million tons, so the continuous decline in supply is expected to boost prices, but peak season demand has not yet been realized, real estate investment is still falling, real estate development investment from January to August increased by -7.
    4%, from January to July -6.
    4% continued to decline, Weaker than market expectations, it is expected that the rise and fall of aluminum is limited
    .

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