comprehensive market analysis in the morning of October 22: The average price of non-ferrous aluminum in the Yangtze River rose by 230 to 23,330 on the previous trading day, the average price of non-ferrous aluminum in the Central China rose by 200 to 23,320, and the average price of non-ferrous aluminum in the South China Sea rose by 300 to 23,540. The Shanghai aluminum spot month contract 2111 opened 23,000, with a maximum of 23565 and a minimum of 22,700, and closed at 22,900, up 95 or 0.42%. The three-month London aluminum futures contract opened at 3093.50, the highest was 3132.00, the lowest was 2901.00, and closed at 2903.00, down 194.00 or 6.26%. The dollar index opened at 93.59, the highest was 93.79, the lowest was 93.49, and it closed at 93.76, up 0.15 or 0.15%. LME aluminum stocks decreased by 5700 tons to 1092600 tons. The Shanghai Futures Exchange’s aluminum warehouse receipts increased by 3088 tons to 126,114 tons.
News:
1. Data released by the U.S. Department of Labor on Thursday showed that in the week of October 16, the number of people applying for unemployment benefits for the first time was 290,000, which was lower than the 300,000 expected by Dow Jones economists and a decrease of 6,000 from the previous week. The revised value of the previous value is 296,000. The number of continuous applications for unemployment benefits in the United States also rebounded slightly to 2.481 million, with a predicted value of 2.548 million, a decrease of 122,000 from the previous week, and a revised value of 2.603 million from the previous value. At the end of August, this number was about 12 million.
2. The total number of existing home sales in the United States in September is 6.29 million, with an expected 6.09 million, and the previous value was 5.88 million. The total number of existing home sales in the United States in September was 7% MoM, expected 3.6%, and previous value -2%.
21-10-22's aluminum price analysis:
Non-ferrous metals in the overnight futures market fell to varying degrees, and Shanghai Aluminum continued to decline. Today's aluminum prices are likely to fall, which is for reference only
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