 Home > Chemicals Industry > New Chemical Materials > January 22 aluminum market afternoon comment

January 22 aluminum market afternoon comment

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

Tags

aluminum vaccine

amd aluminum

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Aluminum market afternoon comment: the US dollar index fell for three consecutive days, overnight Lun aluminum continued to rise to close up $11, aluminum ingot social inventory showed an inflection point and fell again, downstream enterprises before the holiday inventory increased, it is expected that aluminum will rise
today.

Aluminum City

Overnight, Lun aluminum opened high and rose to close at $2,000
.
Shanghai aluminum opened higher and rose overnight to close in Zhongyang, closing below the 20-day moving average at 15070
.
Shanghai aluminum trading positions fell slightly, and market sentiment was biased towards
neutrality.

In terms of fundamentals, the domestic epidemic rebounded, and logistics restrictions were strengthened in the northern region, affecting downstream construction and aluminum ingot shipments; In winter, consumption slowed down in the north, some rod factories stopped production, and the amount of ingots increased; The output of electrolytic aluminum continued to expand, and the consumption slowed down significantly; Domestic inventories continued to decline this week, market expectations turned better, and support was strong around 14,500 below, but the current off-season may continue to fluctuate
around 15,000.
Upper pressure 15200, lower support 14500
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

9,10-Diphenylanthrac

CAS No.: 1499-10-1

$1-1.2/MT FOB

High Quality Polar Solvent 99.99% Ethylene carbonate/Ethylencarbonat/ EC CAS 96-49-1

CAS No.: 96-49-1

Pharmacy Grade

$1-1.2/MT FOB

High quality Fluorescent Brightener CBS-X 98% TOP1 supplier in China

CAS No.: 27344-41-8

Industrial Grade

$3/KG EXW

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.