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January 15 aluminum market afternoon review

 Last Update: 2022-12-20
 Source: Internet
 Author: User

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Aluminum market afternoon comment: the world economic recovery is slow and still facing risks, overnight Lun aluminum shock closed down $6, import arbitrage window closed to inhibit the inflow of goods, inventory accumulation has slowed down, is expected to rise today
.

Aluminum City

Overnight, aluminum opened higher and lower, closing at $
2008.
Shanghai aluminum opened high overnight, bottomed out to close Xiaoyang, closing near the 5-day moving average at 14850
.
Shanghai aluminum trading fell and positions rose, and market sentiment was optimistic
.
Domestic social inventories have risen significantly recently, but the market is optimistic, and the support around 14500 below is strong, and it is expected to gradually stabilize and rebound
.
Upper pressure 15600, lower support 14500
.

The dollar index rebounded above 90, putting pressure
on non-ferrous metal prices.
The domestic electrolytic aluminum social stock rose to 684,000 tons, and the inventory inflection point has been established, and the follow-up will enter the off-season accumulation stage
.
Affected by this year's cold winter and the new crown epidemic, downstream aluminum processing companies took an earlier holiday, and the demand side fell rapidly
.
From the recent trend of aluminum prices, inventory has a strong leading role in aluminum prices, because the first quarter is the off-season accumulation stage, aluminum prices are difficult to have a bright performance
.

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