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July 11 aluminum market noon review

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Aluminum market afternoon comment: the US dollar index is still strong, and the next week Lun aluminum fell slightly by 0.
16%; External interference factors gradually subsided, and production resumed steadily, supply and output continued to rise, consumption entered the off-season, and aluminum may fall
today.

Aluminum City

Crude oil rose sharply on Friday, and Lun aluminum bottomed out and fell slightly, opening slightly lower at $
2434 today.
Shanghai aluminum opened slightly higher in the night session, and the shock closed in a small negative, closing at 18410
.
Shanghai aluminum trading declined, positions rose, and market sentiment was neutral
.
Energy prices fluctuated at high levels, domestic consumption was better, and inventories continued to decline
.
The trend of Shanghai aluminum is stronger than that of Lun aluminum, and it may fluctuate
at a low level.
Upper pressure 20000, lower support 18000
.

As prices stop falling and pick up, downstream enterprises have entered the market one after another, but most of them are mainly just demand, and the overall market transaction is still weak
.
The supply side still maintains increment, the logic of aluminum prices switches to the direction of excess on the supply side, and domestic aluminum inventories may subsequently accumulate slightly, and the price rebound pressure is greater
.

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