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    Home > Chemicals Industry > New Chemical Materials > July 12 Shanghai aluminum brief comment

    July 12 Shanghai aluminum brief comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's aluminum price fluctuated higher, Shanghai aluminum rose to a high of 19,000, as of the close of 3 pm, the main 2108 contract of Shanghai aluminum closed up at 19040, up 240, or 1.
    28%.

    Shanghai aluminum

    In terms of news, Russia announced a new temporary export tax on aluminum, aggravating the market's concerns
    about the supply of aluminum elements.
    Earlier, the Shandong provincial government issued an announcement that it would strictly control the "double high" project, while individual aluminum plants in Guizhou and other places experienced a slight reduction in production, and the supply disturbance is expected to continue
    .
    The details of the national reserve aluminum throwing announced, the first aluminum throwing volume was 50,000 tons, which was lower than the market expectation, and the impact on the electrolytic aluminum market was limited
    .

    In the central bank RRR stimulus and the dollar index continued to weaken and other positive impetus, internal and external aluminum prices have warmed up, but overall, the fundamentals under the consumption off-season is difficult to improve, in the follow-up macro profits are gradually digested, aluminum prices do not rule out the possibility of falling again, short-term recommended cautious to continue to chase up, the main force above the focus on 19,200 pressure level, operationally recommended to sell appropriately at the high, it is expected that tomorrow's spot aluminum rise has slowed down, or there is a slight
    fall.

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