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January 21 aluminum market noon review

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

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Aluminum market afternoon comment: European energy crisis continued to disrupt, overnight Lun aluminum closed up $62; Overseas production and supply concerns continue to rise, domestic electrolytic aluminum production is low, coupled with ample capital liquidity boost, aluminum may rise
.

Aluminum City

Thermal coal rose slightly overnight, and Lun aluminum opened low and rose to close at $3115
.
Shanghai aluminum opened higher and rose to close Xiaoyang at 21700
in overnight trading.
Shanghai aluminum trading positions are rising, and the market sentiment is optimistic
.
Shanghai aluminum short-term growth rate is too fast, above the face of certain pressure, but the fundamentals are better, the medium term may continue to fluctuate upward with Lun aluminum
.
Upper pressure 24000, lower support 20500
.

Short-term spot market supply and demand is tight, spot premium is still strong, inventory change level is low, coupled with the recent domestic easing policy support, the price trend is strong, but near the Spring Festival, downstream demand stops, inventory has entered the accumulation stage, spot face is expected to weaken, chase more attention to risks; In the medium and long term, due to the overall low level of domestic and foreign inventories, overseas production reductions, and the expectation of the peak season in the first half of the year, it is difficult for domestic production to make up for the gap, and the medium and long-term trend support is significant
.

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