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    Home > Chemicals Industry > New Chemical Materials > April 9 Shanghai aluminum brief comment

    April 9 Shanghai aluminum brief comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Today's Shanghai aluminum fluctuated in a narrow range, and as of the afternoon close, the main 2105 contract closed down 0.
    03% to 17485, down 5
    % from the previous session.
    Lack of directional trend, aluminum prices into a shock pattern, from the trend point of view, aluminum price upward momentum is somewhat weakened, market long and short game incentives, short-term aluminum price shock trend is difficult to change, but in view of the optimism of aluminum price fundamentals, it is expected that there is not much room for decline, Shanghai aluminum short-term is expected to stand above 17,000, the operation of bargain buying ideas
    .

    Shanghai aluminum

    In terms of the market, the shippers are still positive in shipments, the overall market liquidity is abundant, and the downstream and some middlemen are mainly purchasing on demand, but there is still fear of heights, although the absolute price fell slightly, but the downstream wait-and-see mentality has not been reversed
    .

    This week's latest domestic aluminum ingot inventory of 1.
    236 million tons, a decrease of 15,000 tons from the previous month, again to the warehouse, still maintain the previous view, with the national reserve storage and imports increased significantly, may greatly reduce the speed and magnitude of aluminum ingot peak season destocking, but aluminum as a nonferrous supply side by the concept of carbon neutrality is the most affected variety, the impact of events will still increase the price fluctuation in the short term, short-term aluminum prices may often appear pulse rise after gradually falling trend
    .
    The whole is still dominated by wide oscillations
    .

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