[Cable Network News] Today, Shanghai Aluminum’s main month 2110 contract opened at 21,370 yuan/ton, the highest intraday was 21980 yuan/ton, the lowest was 21,300 yuan/ton, the settlement was 21,295 yuan/ton, and it closed at 21,730 yuan/ton in late trading, an increase of 435 Yuan. Today, Shanghai Aluminum is operating at a high level, and the supply side continues to be affected by the dual control of power and energy consumption in Guangxi, Xinjiang and other places, and it will take time for the electrolytic cell to recover. The third batch of dumped reserves is not as expected, and the downstream consumer demand is still acceptable. , Provide support for aluminum prices.
Today, LME Aluminum fluctuates strongly. The LME reported at US$2,759/ton at 15:01 Beijing time for three months, an increase of US$26, or 0.93%, from the settlement price of the previous trading day.
In terms of the market, the spot transaction price of the Yangtze River today was 21610-21650 yuan/ton, an increase of 300 yuan; Guangdong Southern Reserve reported 21,720-21780 yuan/ton, an increase of 310 yuan; China Bulletin was 21670-21710 yuan/ton, an increase of 310 yuan. Holders adjust the prices for shipments, and receivers often lower prices. The trading atmosphere is fair, and the overall transaction volume is average.
At present, the global aluminum ingot inventory is still at a relatively low level. Under the influence of dual control of domestic energy consumption and power restrictions, the release of electrolytic aluminum production capacity is slow, which has a greater stimulus to aluminum prices, and the superimposed supply is becoming tighter and current aluminum may rise.
