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    Home > Chemicals Industry > New Chemical Materials > August 6 aluminum market noon review

    August 6 aluminum market noon review

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Aluminum market noon comment: overnight Lun aluminum rushed back down and turned down to close small negative, opening slightly lower at $1760 today
    .
    The trend of Shanghai aluminum is obviously weak, the night session opened low and closed small yin fell below the 5-day moving average, closing at 14530, driven by the strong external market, aluminum prices continued to be high in the short term
    .
    Shanghai aluminum trading positions are declining, market sentiment is cautious, short-term high volatility, medium-term uncertainty is high
    .

    Aluminum City

    Recently, the price of alumina has weakened, and the average profit of tons of aluminum has exceeded 1500 yuan
    .
    The launch of new production capacity and the inflow of imported goods in Yunnan and other places have accelerated, the market supply has increased, and the inventory at the beginning of the week has increased by less than 5,000 tons, and the problem of tight deliverable supply still exists
    .
    Continue to pay attention to the changes in positions and monthly spreads, it is recommended to wait and see
    for the time being.

    Recently, the supply and demand problem of aluminum fundamentals continues to ferment, from the supply side, the accelerated release of aluminum production capacity and the impact of imported aluminum indicate the continuous increase of subsequent supply, and under the influence of off-season factors, the situation of strong demand is difficult to reproduce, short-term aluminum prices may have a small shock adjustment, the main contract can continue to pay attention to the range of 1.
    45-14,700 range shock, the operation is recommended to wait and see, it is expected that tomorrow's spot aluminum will fall, the range is about
    50-100.

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