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    Home > Chemicals Industry > New Chemical Materials > Fundamental long-short game In the short term, aluminum prices will fluctuate widely

    Fundamental long-short game In the short term, aluminum prices will fluctuate widely

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    On August 3, the main contract of Shanghai aluminum futures opened at 18070 yuan, and today's intraday high touched 18375 yuan, the lowest test was 17995 yuan, as of the close, the main force of Shanghai aluminum rose 0.
    91%.

    Market sentiment is disturbed again, the fundamental long and short game, short-term aluminum prices or wide volatility mainly
    .

    Aluminum prices

    In terms of external trading, as of now, LME aluminum opened at $2405.
    00 today, the highest price was $2422.
    00, the lowest price was $2388.
    00, and now it is at $
    2413.
    50.

    At present, the pace of resumption of production in some production capacity in the southwest region has been affected, but the pressure of oversupply still exists, the off-season effect on the demand side is still obvious, and the fundamentals are weak
    .
    In the context of no favorable factors, aluminum prices will fluctuate and run short in the short term
    .

    In the medium and long term, the pattern of weak supply and demand has been determined
    .
    It is necessary to continue to pay attention to the changes in domestic social inventory and production capacity, and if the scale of production reduction is limited, aluminum prices will continue to be under pressure
    .
    Continue to pay attention to international energy prices and changes
    in the situation in Russia and Ukraine.

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