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    Home > Chemicals Industry > New Chemical Materials > July 24 Shanghai aluminum morning review

    July 24 Shanghai aluminum morning review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Boosted by Lun aluminum, overnight Shanghai aluminum main force opened at 14290 yuan / ton, briefly rushed up 14330 yuan / ton, domestic monetary policy adjustment under the commodity benefits, Lun aluminum rebounded, Shanghai aluminum main force itself has cost support, so that Shanghai aluminum has become this round of leading varieties, but this news stimulus fermentation, relying on Shanghai aluminum itself can not form a continuous rise, so the dominant bull information is insufficient, short-term operation-based, Shanghai aluminum main force around the daily moving average oscillation, the low touch 14275 yuan / ton, Closed at 14305 yuan / ton
    .

    Shanghai aluminum

    Domestic bauxite supply is still tight, while squeezing alumina profit margins together with sluggish aluminum prices, most alumina plants reduce production or elastic production, causing their prices to stop falling and rise, raising the cost of primary aluminum production, resulting in aluminum prices touching the cost line, Shanghai aluminum has a margin of safety for long
    .
    At the beginning of the week, due to the decline in arrival volume month-on-month, the social inventory of aluminum ingots fell month-on-month, which was positive for aluminum prices
    .

    From a short-term point of view, after the news fermentation, the main force of Shanghai aluminum has a high probability of falling back, but from this wave of falling and rising, it can be seen that Shanghai aluminum is the most prone to rise and fall varieties of nonferrous varieties, forming a continuous rise only lacks a continuous main driving force, and is expected to run 14200~14350 yuan / ton
    within the day.
    Spot discount 110~70 yuan / ton
    .

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