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    Home > Chemicals Industry > New Chemical Materials > February 3 aluminum market noon comment

    February 3 aluminum market noon comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: international oil prices rose to a more than one-year high to boost the market, overnight Lun aluminum shock closed up $11, Japan's three major port inventories rebounded, domestic inventory accumulation highlights supply pressure, it is expected that aluminum will fall
    today.

    Aluminum City

    Overnight, Lun aluminum opened significantly higher, bottoming out to close Xiaoyang, closing at $
    1971.
    After the daily plunge in the Shanghai aluminum market, the night session opened slightly higher, and the shock closed the doji, closing at the 5/20-day moving average of 14975
    .
    Shanghai aluminum trading declined, positions rose, and the market was biased to wait and see
    .
    Henan's environmental protection production restrictions have formed support below aluminum prices, but the demand before the holiday is insufficient, inventories are rising, and short-term Shanghai aluminum may fluctuate
    around 15,000.
    Upper pressure 15500, lower support 15000
    .

    The delay in the EU's new crown vaccination dragged down the progress of the economic recovery in the euro area, the dollar index rebounded above 91, and non-ferrous metals were briefly under pressure
    .
    The operating rate of aluminum products has declined, downstream processing enterprises have entered a holiday state, and subsequent electrolytic aluminum consumption will continue to weaken, paying attention to the accumulation space
    of Shanghai aluminum.
    It is expected that the Shanghai aluminum shock operation will be dominated by the year, and pay attention to the Shanghai aluminum 14500 support level
    .

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