CCMN International Market Commentary: Today’s Lunar aluminum shock down, LME three months Beijing time 15:01 at $ 3093 / ton, compared with the previous trading day settlement price down $ 23, down 0.75%.
Yangtze River aluminum network domestic market: today Shanghai aluminum main month 2206 contract, opened 20,800 yuan / ton, the highest intraday 21,010 yuan / ton, the lowest 20,710 yuan / ton, settlement 20,710 yuan / ton, the end of the closing to 20,915 yuan / ton, up 205 yuan, or 0.99%; Shanghai aluminum main 2206 contract all day turnover 240,541 hands reduced by 61620 hands, the position of 20,280 hands reduced. Position 202,820 hands reduced by 8,152 hands. Today, Shanghai aluminum strong run, European natural gas soared again triggered smelters to reduce production concerns, domestic policy is expected to strengthen and aluminum ingot continued to go to the library, to give aluminum prices below a certain support, today’s aluminum price shock closed higher.
CCMN spot market commentary: today the Yangtze River spot transaction price 20820-20860 yuan / ton, up 110 yuan, discount 50 – discount 10; Guangdong Southern Reserve reported 20870-20930 yuan / ton, up 60 yuan, discount 10 – discount 70; China Notice 20880-20920 yuan / ton, up 120 yuan. The holiday is approaching, the general sell-off for cash, the downstream on-demand storage, but the trading atmosphere is weak, the overall transaction is not good.
Post time: Apr-28-2022