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Brief comment on the aluminum market on November 13

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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As of the close of trading at 3 p.
m.
on Friday, the main 2012 contract of Shanghai aluminum closed up at 15530, up 270, or 1.
77%.

Since November, the main cumulative increase of Shanghai aluminum has exceeded 7%, and the spot price has risen close to 1,000 yuan compared with the previous month, the main reason for the recent sharp rise in the market is on the one hand to benefit from the favorable promotion of the macro surface, and on the other hand, the stability of domestic inventory and the continued tightness of spot, in the market capital influx of Shanghai aluminum rally
.

At present, the probability of Shanghai aluminum continuing to run at a high level is large, but considering that the current aluminum price rise is too fierce, the market is gradually holding a wait-and-see situation, it is recommended to cautiously chase up to avoid market risks, in addition to the next cycle of goods delivery, the price of aluminum may have a certain adjustment demand, but the overall operation
is still strong.

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