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    Home > Chemicals Industry > New Chemical Materials > January 24 Shanghai aluminum afternoon comment

    January 24 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Recently, the trend of Shanghai aluminum is volatile, not only stimulated by the strengthening of overseas aluminum prices and the emotional boost caused by the surge in domestic alumina prices, but also dragged down by the expectation of weakening domestic fundamentals before the holiday, and the price fluctuated
    in the range of 21000-22000.

    Shanghai aluminum

    In terms of fundamentals, there is a trend of weakening, the social treasury has changed from destocking to accumulation, superimposed on the holiday before the downstream holiday, and the start of work and the decline in orders will have certain constraints
    on consumption.
    At the same time, the resumption of production of aluminum plants in Yunnan, Inner Mongolia and other places increased the expectation of subsequent supply release, which also dragged
    down the fundamentals.
    Therefore, under the pattern of domestic and foreign fundamental forks, aluminum prices are expected to fluctuate in a wide range, and there is limited
    room for continued upward movement.

    In the near future, it is necessary to be wary of the accumulation of risk aversion before the holiday, and investors are advised to be cautious and chase higher
    .
    Follow-up suggestions focus on variables
    such as overseas energy product crisis, changes in domestic social treasury, and winter environmental protection policies.

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