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    Home > Chemicals Industry > New Chemical Materials > Aluminum market noon review on December 1

    Aluminum market noon review on December 1

    • Last Update: 2022-12-20
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: vaccine research and development prospects promote market risk sentiment, overnight Lun aluminum closed up $42, aluminum ingot social inventory hit a three-year low, China's manufacturing boom has expanded, is expected to rise today
    .

    Aluminum City

    Overnight, Lun aluminum jumped more than 2% to a new high of $2,047.
    5, closing at $
    2,040.
    Shanghai aluminum opened higher and rose overnight, closing Xiaoyang at a new high, closing at 16635
    .
    Shanghai aluminum trading rose and positions fell, and market sentiment was strong
    .
    Domestic spot demand is stable, the external market continues to drive domestic optimism, and Shanghai aluminum may continue to operate
    at a high level in the short term.
    The upper pressure of Shanghai aluminum is 17000, and the lower support is 16000
    .

    As the RMB continues to appreciate, the internal and external ratio rebounds, and exports are facing pressure on the ratio, but considering the mismatch between supply and demand caused by the epidemic overseas, exports are expected to continue to pick up
    .
    Supply continued its upward trend, slowing in magnitude from previous months, but imports may be replenished
    again as import margins expand again.
    Inventories will continue to degrade in December, fundamental support is still strong, macro has recently had a greater impact on sentiment, the lifting of uncertainty in the early stage and the continued improvement of China's economy, and the new overseas epidemic has also been hedged in the progress of vaccines beyond expectations, and aluminum prices are at a high level
    .

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