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    Home > Chemicals Industry > New Chemical Materials > April 30 aluminum market noon comment

    April 30 aluminum market noon comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: Eurozone economic confidence steadily improved, overnight London aluminum closed up $14, environmental protection production caused by supply concerns persisted, inventory de-inventory indicates that the peak season just demand is good, is expected to rise today
    .

    Aluminum City

    Overnight, Lun aluminum once rose sharply to a new high of $2455 before falling back to close Xiaoyang, and opened slightly higher at $2417 today
    .
    Shanghai aluminum rose sharply in daily trading, and the night high closed in a narrow range to close at 18870
    .
    Shanghai aluminum trading positions fell slightly, and the market sentiment before the holiday was cautious
    .
    Driven by the strong external market, Shanghai aluminum may continue the volatile upward trend
    in the medium term.
    Upper pressure 20000, lower support 18000
    .

    On the macro front, the Fed's April interest rate decision kept interest rates unchanged, and the statement emphasized the continuation of the stable policy, in line with market expectations; The U.
    S.
    economy performed strongly in the first quarter, with consumer spending hitting a new high since the third quarter of last year, but core PCE prices recorded an annual rate of 3.
    5%
    in the first quarter.
    Overseas economic recovery accelerated, the US dollar was weak, and pre-holiday stocking demand was expected to support aluminum prices, but the recent spot transaction was weak, and the demand for stocking was delayed.

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