 Home > Chemicals Industry > New Chemical Materials > February 10 aluminum market afternoon comment

February 10 aluminum market afternoon comment

 Last Update: 2022-12-24
 Source: Internet
 Author: User

Tags

aluminum blocks sale

aluminum body filler

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market afternoon comment: the decline of the dollar boosted metals, overnight Lun aluminum continued to close strongly up $75; The closure of smelters in Europe and China has intensified the shortage of aluminum supply, and the epidemic situation in Guangxi is tense, and aluminum may continue to rise
.

Aluminum City

Overnight inflation expectations supported the market, and Lun Aluminum rose sharply to close the fifth consecutive Zhongyang, once again hitting a record high of $3272, closing at $
3263.
Shanghai aluminum opened high and closed high in Zhongyang, closing at 23315
.
Short-term internal and external aluminum prices are expected to continue to rise, medium-term aluminum fundamentals are better, technical form is also better, Shanghai aluminum may continue to fluctuate
upward.
Upper pressure 24765, lower support 21000
.

Guangxi and overseas production restrictions once again triggered bullish sentiment, and aluminum broke through 23,000 overnight and continued to rise
.
At present, the epidemic situation in Guangxi continues to ferment, and it is currently known that the production capacity of nearly 420,000 tons of electrolytic aluminum and 1.
2 million tons of alumina production capacity is limited, and further production reductions cannot be ruled out; However, Yunnan recently announced that it can add nearly one million tons of new production capacity to make up for the supply gap to a certain extent, and the supply and demand side may recover
.
Short-term aluminum prices will remain high, but considering policy factors to chase up needs to be vigilant, operationally can be appropriately shipped at a high price, downstream on-demand stocking or wait-and-see
.

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.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

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.