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    Home > Chemicals Industry > New Chemical Materials > July 27 Shanghai aluminum afternoon comment

    July 27 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-19
    • Source: Internet
    • Author: User
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    Last Friday, the main contract of Shanghai aluminum opened at 14495 yuan / ton in the morning, and fell continuously to around 14400 yuan / ton at the open, and then stabilized and fluctuated in a narrow range; The afternoon decline did not change, the low of the day fell to 14305 yuan / ton, then the V-shaped rebound returned to above 14400 yuan / ton, closing at 14405 yuan / ton at the end, the trading volume increased to 85,000 lots, the position was reduced to 104,000 lots, and the daily close doji.

    Shanghai aluminum

    On Friday night, the main force of Shanghai aluminum opened at 14420 yuan / ton, and the opening oscillated upward to a high of 14460 yuan / ton, and then fell back to below 14400 yuan / ton, and the shadow closed at 14415 yuan / ton
    at the end.
    Domestic fundamental demand is good, inventories are still at a relatively low level, and the bullish effect of spot premium on futures still exists
    .
    It is expected that the main operating range of Shanghai aluminum today is 14300-14700 yuan / ton
    .

    The price of Chinalco East China AOO aluminum ingots was 14,540 yuan / ton, down 20 yuan
    .
    Domestic downstream into the traditional off-season, downstream demand is relatively weak, but the speed of aluminum ingot accumulation is lower than expected, the last period of aluminum inventory last week decreased by 10,800 tons to 222,500 tons, today's spot aluminum prices are expected to rise or fall little
    .

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