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    Home > Chemicals Industry > New Chemical Materials > January 5 aluminum market afternoon comment

    January 5 aluminum market afternoon comment

    • Last Update: 2022-12-24
    • Source: Internet
    • Author: User
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    Aluminum market noon comment: higher oil prices drove market sentiment, overnight Lun aluminum closed up $19.
    5; global electricity prices continue to rise, supply side disturbance aluminum output slows down, holders are now reluctant to sell sentiment, aluminum or small rise
    .

    Aluminum City

    Coal fell slightly in overnight trading after yesterday's sharp rise, and Lun aluminum bottomed out and turned higher, closing at $
    2832.
    After the sharp fall of Shanghai aluminum yesterday, the night session opened slightly higher, and the shock closed the doji
    .
    Shanghai aluminum trading positions are rising, and market sentiment is more optimistic
    .
    The trend of Shanghai aluminum is not very active, but the fundamentals are improving, and the market may continue to fluctuate upward with Lun aluminum
    .
    Upper pressure 22000, lower support 19000
    .

    Affected by the European energy crisis, Alcoa announced that its 220,000 tons/year production capacity in Spain was suspended for two years, and the Slovak aluminum plant also had news of production cuts, and the reduction in supply pushed the price of London aluminum up
    .
    In China, driven by the foreign situation, coupled with the loosening of real estate policies and the continuous decline in the social inventory of aluminum ingots, the spot price of electrolytic aluminum rose
    .
    In the short term, aluminum prices are expected to run
    strongly.

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