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A brief review of the aluminum market on July 8

 Last Update: 2022-12-19
 Source: Internet
 Author: User

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As of 3 p.
m.
, the main 2008 contract of Shanghai aluminum closed up at 14150, up 35, or 0.
25%.

Intraday aluminum prices rebounded, almost making up for yesterday's decline throughout the day, bullish sentiment in many parties is stronger, and the period aluminum is strong and the volatility market continues
.

Market risk appetite cooled, overnight aluminum shock stabilized and closed flat, downstream into the traditional off-season demand is limited, aluminum ingot import profits are high, foreign circulation increases, it is expected that aluminum will fall.

After entering the off-season, downstream orders gradually weakened, and at the same time in the new capacity and the impact of imported aluminum ingots, aluminum prices have certain adjustment expectations, but the recent global economic data continues to improve, market optimism is still there, coupled with social inventory is still in a low state, short-term aluminum prices still maintain a high level of operation, Shanghai aluminum main force above attention to 14300, below support 13800, operation can be a small amount of on-demand buying, it is expected that tomorrow's spot aluminum overall stabilization, or there is a small rise, the range of about 50
。

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