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Aluminum market afternoon comment: the US dollar index fell slightly, overnight Lun aluminum shock closed up $3, short-term traditional off-season affected downstream demand is difficult to improve, but the accumulation range is not as expected, it is expected that today's aluminum rise and fall is limited
.
Overnight, Lun Aluminum once stepped back on the 20-day moving average and $2,000 before rebounding to close at $
2,023.
Shanghai aluminum opened slightly higher in the night session, rushed back down to close Xiaoyang, and closed below 14880
on the 20th.
Shanghai aluminum trading fell and positions rose, and market sentiment was optimistic
.
At present, in the off-season, the impact of production restrictions is low, but it forms support below aluminum prices, and may continue to fluctuate
around 15,000 in the short term.
Upper pressure 15500, lower support 14500
.
At present, inventory changes are still the core logic that dominates aluminum price fluctuations, in terms of transportation, the southwest region with the weather improvement follow-up transportation will be smooth, and Xinjiang short-term or still have an impact, this week's weekly arrivals will increase, while demand is further weakened, the phenomenon of destocking is difficult to sustain, so the logic of continued weakening of the margin of supply and demand before the holiday is still there, and aluminum prices continue to come under pressure
.