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    Home > Chemicals Industry > New Chemical Materials > January 25 aluminum market afternoon review

    January 25 aluminum market afternoon review

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: overnight thermal coal fell, Lun aluminum narrow range shock closed Xiaoyang, closing at $
    3038.
    Shanghai aluminum opened higher overnight, stabilized and rebounded on the 20-day moving average to close at 21110
    .
    Shanghai aluminum trading is stable, positions are rising, and market sentiment is slightly optimistic
    .
    Shanghai aluminum short-term growth rate is too fast, above the face of certain pressure, but the fundamentals are better, the technical pattern has been repaired
    .
    Lun aluminum took the lead in strengthening, and Shanghai aluminum may continue to fluctuate upward
    with Lun aluminum in the medium term.
    Upper pressure 24000, lower support 20500
    .

    Aluminum City

    The current overseas geopolitics and the eve of the Fed's interest rate meeting, the market is cautious
    .
    Tensions between Russia and Ukraine have led to concerns about oil and gas supply disruptions, which in turn have pushed up energy prices and triggered further production cuts by European aluminum smelters, providing strong support
    for aluminum prices.

    With the Spring Festival holiday approaching, domestic consumption weakened rapidly, while production rose steadily, putting pressure
    on prices.
    Under the short-term interweaving of long and short inside and outside, aluminum prices may fluctuate repeatedly, and it is recommended to operate on the high side, and control risks before the holiday
    .

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