[Cable Net News]Shanghai Aluminum TodayMain forceThe month 2109 contract opened at 19,700 yuan/ton, the highest intraday was 19,820 yuan/ton, the lowest was 19,670 yuan/ton, the settlement was 19,840 yuan/ton, and it closed at 19780 yuan/ton in late trading, down 60 yuan. Today, Shanghai aluminum fluctuates at a low level. The recent epidemic counterattack has made market sentiment more pessimistic, risk appetite has fallen, and affected by relevant policy factors such as insured supply and stable prices, short-term aluminum prices have fluctuated.
Today, the trend of LME aluminum fluctuates. The LME reported at 2594 US dollars/ton at 15:01 Beijing time for three months, which was US$6 higher than the settlement price of the previous trading day, an increase of 0.21%.
In terms of market, the spot transaction price of the Yangtze River today was 19690-19730 yuan/ton, down 70 yuan; Guangdong Southern Reserve reported 19820-19880 yuan/ton, down 50 yuan; China Bulletin was 19,760-19800 yuan/ton, down 60 yuan. The supply of goods in the market is tight, the holders are actively shipping, and the receiving party purchases on demand, the enthusiasm of large buyers to receive the goods is average, and the overall transaction is relatively average.
Due to the incomplete recovery of Henan’s transportation, the social inventory of electrolytic aluminum continues to decline, but the recent domestic epidemic has once again fluctuated, raising market concerns and facing challenges in prevention and control. It is expected that the current aluminum will fall.
(Article source: Cable Network)
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