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January 14 aluminum market afternoon comment

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

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Aluminum market afternoon comment: the US dollar fell for three consecutive days, and Lun aluminum closed up $13 overnight; Global aluminum supply tightened to support prices, but downstream fear of heights gradually appeared, delivery close to Shanghai aluminum trend weak, today aluminum or slightly lower
.

Aluminum City

Overnight thermal coal rose, and Lun aluminum opened higher to close Xiaoyang, closing at $2958.
Shanghai aluminum opened high and low in the night and turned lower to close in the cloud, closing at 21305
.
Shanghai aluminum trading positions are declining, and market sentiment is not good
.
Aluminum short-term growth is too fast to face adjustment pressure, but the fundamentals are better, and the medium term may continue to fluctuate upward with Lunlun aluminum
.
Upper pressure 22000, lower support 19000
.

In January, the domestic electrolytic aluminum operating capacity is expected to increase
slightly.
The operating rate of downstream enterprises will decline, and there may be an inventory inflection point
in late January.
It is expected that the price of electrolytic aluminum in January will continue to rise on the basis of the previous destocking, but it has gradually entered the high range, and the focus on the safe-haven demand after that has triggered the exit of bulls
.
Overnight there are already signs
.
In addition, it is necessary to continue to pay attention to the fermentation of electrolytic aluminum production reduction sentiment triggered by the shortage of energy in Europe and the change
of domestic electrolytic aluminum inventory.
Stocking on demand
.

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