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    Home > Chemicals Industry > New Chemical Materials > April 16 Shanghai aluminum morning review

    April 16 Shanghai aluminum morning review

    • Last Update: 2022-12-09
    • Source: Internet
    • Author: User
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    Boosted by the strong boost of aluminum during the European trading session on Friday, the main contract of Shanghai aluminum opened higher than 14670 yuan / ton on Friday evening, but the domestic weak fundamentals are obvious, continuing the characteristics of high opening and low walking, the low touched 14490 yuan / ton, closing at 14525 yuan / ton, the Shanghai aluminum index position decreased by 9038 hands to 825990 lots, long positions were mainly closed, it is expected that today's shock weak shock at 14350 ~ 14550 yuan / ton
    .

    Shanghai aluminum

    On Friday, Rio Tinto announced that there were force majeure factors in some contracts with Rusal, and the US sanctions against Rusal continued to ferment, affected by unexpected events that may occur over the weekend, and bulls took profits
    .
    Despite the limited domestic supply, Shanghai aluminum passively followed up, and it is expected that in the short term, it will show a pattern of external strength and internal weakness, and pay attention to the inventory of
    the domestic aluminum market in the later period.

    Lun aluminum weekend night trading showed a retreat, fell below the $2300 mark, the United States and LME sanctions on Rusal caused supply concerns have been basically released, the current fundamentals do not support aluminum prices continue to rise, it is expected that today Lun aluminum or continue to consolidate at a high level
    .
    The fall of the external market dragged down the upward trend of domestic aluminum prices, Shanghai aluminum showed a slight decline but still stood at 14500 yuan, the current domestic fundamental situation is still grim, aluminum ingot inventory continues to accumulate phenomenon, or will hinder
    the high operation of Shanghai aluminum.
    In the short term, Shanghai aluminum will be dominated by strong fluctuations in the range of 14,000-14,500 yuan, and the pattern of external strength and internal weakness is still obvious
    .

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