 Home > Chemicals Industry > New Chemical Materials > January 28 aluminum market afternoon comment

January 28 aluminum market afternoon comment

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

Tags

recyclable aluminum

aluminum oxynitride

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

Aluminum market afternoon comment: European aluminum plant energy costs are still high, overnight aluminum shock consolidation rose slightly 0.
02%; LME aluminum inventories continued to decline, and the tight supply of electrolytic aluminum continued to support aluminum prices, and aluminum may rise
slightly today.

Aluminum City

Overnight thermal coal fell, Lun aluminum bottomed out, high volatility closed Xiaoyang, closed at 3100.
5 US dollars.
Shanghai aluminum opened slightly lower in the night session, rushed back down to close Xiaoyang, closed at 21575
.
Shanghai aluminum trading positions all declined, pre-holiday funds exited, market trading was light
.
Shanghai aluminum fundamentals are good, and the technical form is optimistic
.
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
.

The Fed's January 2022 interest rate meeting maintained the Taper rhythm and kept its main interest rate decisions unchanged, which was basically in line with market expectations
.
It is also proposed that interest rates will be raised at every meeting in the future, which is hawkish and is expected to have an impact
on commodities.
At present, under low inventory and the accumulation height is not as expected, aluminum price support is strong, short-term Shanghai aluminum maintains high volatility, it is still necessary to continue to pay attention to the domestic Spring Festival before the long safe haven exit and overseas electrolytic aluminum supply and demand changes, on-demand stocking does not chase higher
.

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.