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Brief review of the aluminum market on June 20

 Last Update: 2022-12-18
 Source: Internet
 Author: User

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Aluminum market summary: the US dollar index rose to a two-week high, overnight Lun aluminum closed down $8 under pressure, high import profits stimulated the inflow of overseas goods, and the domestic market gradually entered the consumption off-season
.
As of 3 pm on Friday, the main force of Shanghai aluminum closed up at 13620, up 50, or 0.
37%.

Aluminum City

Futures market: the US dollar index rose for three consecutive trading days, refreshing a two-week high, overnight Lun aluminum volatility weakened, the latest closing quotation of 1600 US dollars / ton, down 8 US dollars, down 0.
47%, the volume of 8206 hands decreased by 3035 lots, the position volume 853175 lots decreased by 4320 lots
.
In the evening, Shanghai aluminum opened low and went low, and the latest closing quotation of the main month 2008 contract was 13505 yuan / ton, down 65 yuan, or 0.
48%.

During the week, under the stimulus measures of various countries, the macro situation of the market was generally good, and the continuous decline in electrolytic aluminum inventories also gave strong support to aluminum prices, but due to the hidden danger of the second domestic epidemic on the market, aluminum prices showed a slight correction; Overall, the expectation of strong supply and weak demand in the next two months is large, the fundamentals are bearish, but in the short term, the spot end support is still there, aluminum prices or continue to be stable and volatile, the follow-up can continue to pay attention to the sustainability of domestic destocking and the fluctuation of spot premium discount, Shanghai aluminum main focus on the range of 1.
35-13,700 oscillation, operation can be bought on demand, it is expected that next week's spot aluminum trend is stable
.

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