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    Home > Chemicals Industry > New Chemical Materials > August 20 Shanghai aluminum morning review

    August 20 Shanghai aluminum morning review

    • Last Update: 2022-12-12
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14430 yuan / ton, after the opening of the short flat more into the aluminum price to probe the high level to touch 14535 yuan / ton, after the shock fall, the afternoon non-ferrous collective diving, bulls were forced to cut positions, the low touched 14395 yuan / ton, closed at 14405 yuan / ton
    .
    The night session opened at 14410 yuan / ton, after the opening of the long and short game intensified, mutual increase in positions, Shanghai aluminum shock operation, low refreshed to 14370 yuan / ton, the end of the session closed at 14405 yuan / ton
    .

    Shanghai aluminum

    Affected by macro pessimism, the colored afternoon dived, but due to the rise in alumina prices driven by tight supply at the ore end, the price of aluminum supported from the cost side, and the bottom buying support was strong, and aluminum prices were still dominated by
    shocks.
    It is expected that today's Shanghai aluminum operation is 14350~14500 yuan / ton, and the discount is 70~30 yuan / ton
    .

    The current market is mainly
    affected by external influences such as the trade situation.
    The recent trade friction between China and the United States has signaled a slowdown, as the two sides will negotiate again this week, but there are still large variables
    .
    In the later period, with the end of the domestic off-season, further rising costs, and domestic environmental protection production restrictions, the medium-term rise in aluminum prices is basically still there
    .

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