echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > New Chemical Materials > December 1 Shanghai aluminum brief comment

    December 1 Shanghai aluminum brief comment

    • Last Update: 2022-12-23
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Today's aluminum prices as a whole showed a volatile upward trend, as of the close of 3 p.
    m.
    , the Shanghai aluminum main 2201 contract closed up at 19120, up 125, or 0.
    66%.

    Shanghai aluminum

    Near the heating season and the Winter Olympics, Henan, Shanxi, Shandong, Inner Mongolia upstream alumina enterprises and downstream aluminum processing enterprises have received the heating season production restriction notice
    .
    Affected by a new round of global epidemic outbreak, Shanghai aluminum closed Friday
    .
    However, as domestic consumption improves, inventories gradually turn to destocking, and there is still some support
    below aluminum prices.

    From the current market terminal demand, after the real estate policy gradually bottomed out, the market sentiment has been repaired, coupled with the "lack of cores" has improved, the new energy and photovoltaic markets can be expected in the future; The short-term supply and demand contradiction environment promotes aluminum prices to climb again, but the magnitude may be limited, in the long run, it is still necessary to be vigilant against the hidden dangers of the market brought by omicron and the accumulation of inventory in the off-season, short-term attention to the shock range of 1.
    88-19,300, the upper pressure level of 19,500, it is expected that the night trading or rush high after falling back to stabilize
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.