Today, the main month of Shanghai aluminum 2204 contract, opened 21200 yuan / ton, the highest intraday 22425 yuan / ton, the lowest 21085 yuan / ton, settlement 23090 yuan / ton, the final close to 21830 yuan / ton, down 1260 yuan, down 5.46%; Shanghai aluminum main 2204 contract all day volume 484953 hands reduced 273,130 hands, position 174,810 hands Decrease 13140 hands. Today, Shanghai aluminum continues to weaken, by the LME suspension of the impact of the LME nickel trading, LME aluminum prices retraced sharply, Shanghai aluminum followed the drop rebound closed down 5.46%, superimposed on the domestic aluminum ingot community library rise, as well as downstream continue to fear high wait-and-see less mining, aluminum prices continue the weak trend.
CCMN spot market commentary: today the Yangtze River spot transaction price 22030-22070 yuan / ton, down 660 yuan; Guangdong Southern Reserve reported 21990-22050 yuan / ton, down 670 yuan; China informed 22090-22130 yuan / ton, down 660 yuan. Aluminum prices continue to plummet today, the bearish sentiment of the holders, have stepped up shipments to sell, but the receiving side still pressure less mining, on-demand replenishment, although trading continues, but few transactions.
Post time: Mar-09-2022