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August 27 Shanghai aluminum noon comment

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Overnight, the opening price of Shanghai aluminum was 14220 yuan / ton, and after the opening, the long increase in Shanghai aluminum hit 14265 yuan / ton, and then reduced the position and left the market Shanghai aluminum pullback, as of the close of 14215 yuan / ton, closed at the doji, the position decreased by 138 hands to 319,000 lots
.
On Monday, aluminum ingot inventories fell by 20,000 tons, or due to the contraction of the supply side, the consumption side has not improved significantly, continue to pay attention to the changes in orders of processing enterprises in September, as the end of the consumption off-season, Shanghai aluminum shock is strong
.
It is expected to run at 14190-14250 yuan / ton today, and the spot pair of the current month contract flat water - 40 yuan / ton
.

Shanghai aluminum

The London market was closed on Monday during the summer bank holiday, and there was no aluminum data
.
Trump's optimistic comments on trade issues encouraged market risk appetite, the dollar index strengthened on Monday to regain the 98 mark, Shanghai aluminum overnight high and falling, the latest closing price of the main month 1910 contract at 14215 yuan / ton, down 25 yuan, or 0.
18%.

On August 26, the domestic spot aluminum price fell, and the spot AOO aluminum ingot price of Yangtze River Nonferrous Network was reported at 14260 yuan / ton, down 50 yuan; The price of AOO aluminum ingots in East China was reported at 14280 yuan / ton, down 50 yuan
.
Affected by the slowdown in global economic growth, the manufacturing PMI of many countries, including the United States, has fallen below the boom and bust line, the current market demand is weak, waiting for the peak season to come, it is expected that today's spot aluminum prices will be weak
.

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