echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > April 26 Shanghai aluminum morning review

    April 26 Shanghai aluminum morning review

    • Last Update: 2022-12-10
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Overnight Shanghai aluminum main contract opened at 14475 yuan / ton, the beginning of the session bears took the initiative to enter the pressure, forcing the bulls to stop stop, aluminum prices under pressure to vent the low level touched 14355 yuan / ton, then short profit exit, 60/20 day line support appeared, aluminum prices repaired part of the decline, shock closed at 14445 yuan / ton, it is expected that today Shanghai aluminum continue to test the average support, the operating range of 14300 ~ 14500 yuan / ton, spot premium 70 ~ 30 yuan / ton
    .

    Shanghai aluminum

    The United States temporarily lifted sanctions against Rusal, and global supply shortage concerns eased, and the bearish for Lun Aluminum was more obvious, because previously affected by the Rusal sanctions, Lun Aluminum once rose 28%, while Shanghai Aluminum only rose about
    5%.
    At the same time, primary aluminum exports in March increased by 441.
    65% year-on-year, confirming our previous expectations
    for the opening of the export window.
    Therefore, the trend of Shanghai-Loan-Konglun aluminum will expand, and the multi-Shanghai aluminum-Konglun aluminum import reverse set combination can continue to be held
    .

    Shanghai aluminum night trading recorded a slight decline, the current domestic aluminum ingot inventory pressure is obvious, aluminum prices return to fundamentals dominance, fundamentals lackluster, expected Shanghai aluminum rebound blocked, it is expected that today Shanghai aluminum or continue to fluctuate, short-term rebound is obviously limited
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.