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Aluminum market afternoon review on December 2

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Aluminum market afternoon comment: The US fiscal stimulus plan boosted the market, overnight Lun aluminum continued to rise to close up $19, China's apparent consumption continued to go to the warehouse strongly, terminal companies entered the replenishment cycle, it is expected that aluminum will rise
today.

Aluminum City

Overnight, Lun aluminum opened high and rose slightly to a new high of $2069, and Shanghai aluminum continued to rise to a new high of 16925
.
Shanghai aluminum trading stable positions rose sharply, the market continued to be strong, may continue to rise
.
Upper pressure 17500, lower support 15000
.

In terms of fundamentals, with the peak season after downstream consumption or ushered in a gradual cooling, but the end of the year consumption is still generally supported, in addition to the increase in supply trend is also worth paying attention to, it is expected that aluminum prices continue to maintain a near strong and far weak pattern, the medium-term rally slows down, may gradually return to shock.

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