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    Home > Chemicals Industry > New Chemical Materials > January 11 aluminum market afternoon comment

    January 11 aluminum market afternoon comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: The European energy crisis drove metal prices, overnight London aluminum firm closed up $10.
    5; soaring electricity costs led to a decline in aluminum production, coupled with the domestic aluminum ingot social library continued to go to storage, today aluminum or continue to rise
    .

    Aluminum City

    Thermal coal fell overnight as Lun aluminum rose slightly higher, closing at $2923.
    Shanghai aluminum night high narrow range oscillation closed the doji, closing at 21260
    .
    Shanghai aluminum trading positions are declining, and market sentiment is biased towards
    neutrality.
    Europe's energy problems continue, aluminum fundamentals improve, and after short-term sorting, the future market may continue to fluctuate upward with Lun's aluminum
    .
    Upper pressure 22000, lower support 19000
    .

    The European energy crisis continues to ferment, overseas aluminum plants have reduced production by more than 800,000 tons of annual capacity, and due to the greater uncertainty of overseas natural gas supply, production reduction may expand.

    In terms of domestic fundamentals, the recent production capacity of electrolytic aluminum supply continued to rise, and the domestic electrolytic aluminum operating capacity may continue to increase
    slightly in January.

    In terms of demand, downstream inquiries are positive, but with the approach of the holiday, there are certain signs of weakness except for the aluminum plate and foil plate, and the recent decline in aluminum rod processing fees, some small aluminum rod processing enterprises may take a holiday
    in advance.

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