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    Home > Chemicals Industry > New Chemical Materials > April 7 aluminum market noon comment

    April 7 aluminum market noon comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: fiscal stimulus to drive global economic growth expectations, overnight Lun aluminum closed up $30, the increase in imports caused aluminum ingots to be temporarily delayed, but the demand side is still optimistic, it is expected that today's aluminum rise and fall are limited
    .

    Aluminum City

    Overnight, Lun aluminum rushed back down to close Changyang, opening slightly lower to $2257 today
    .
    Shanghai aluminum opened high and low yesterday, and the night trading stabilized and rose slightly at the 5-day moving average, closing at 17585
    .
    Shanghai aluminum trading declined, positions rose, and market sentiment was strong
    .
    Rumors of selling stocks faded, market sentiment recovered, and the medium term may fluctuate to the upside
    .
    Upper pressure 18000, lower support 17000
    .

    Aluminum prices are rising rapidly in the short term, and the willingness to stock downstream is suppressed, which is not conducive to the smooth transmission
    of aluminum prices in the industrial chain.
    Under the game of increment brought by the storage dumping policy and reduction brought by the carbon neutrality policy, aluminum prices are likely to follow the logic
    of demand fundamentals to promote destocking.
    In the short term, Monday's inventory was slightly destocked by 15,000 tons compared with last week, but the difficulty of aluminum ingot destocking accelerated, and the upward momentum of aluminum prices may weaken.

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