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    Home > Chemicals Industry > New Chemical Materials > July 29 Shanghai aluminum brief comment

    July 29 Shanghai aluminum brief comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's non-ferrous metal market is mostly red, aluminum prices fluctuated higher, Shanghai aluminum main 2109 contract opened at 19405 yuan / ton in the morning, the lowest price was 19340 yuan / ton, the highest to 19510 yuan / ton, the end of the day closed at 19370 yuan / ton, down 255 yuan / ton from yesterday's end, down 1.
    30%.

    Shanghai aluminum

    At present, the situation of weak supply and demand fundamentals is still continuing, and it is still unknown whether the million production capacity affected by the limited electricity in Yunnan in the early stage is still unknown, and the aluminum industry chain in Guangxi, Guizhou and other places has also received power rationing requirements recently, and the supply-side interference has increased again, which has played a certain role
    in promoting the rise in aluminum prices.

    In addition, the Fed interest rate meeting in the early hours of this morning also made it clear that the existing benchmark interest rate will be maintained, and Powell promised that the short-term easing policy will continue, which once again boosted the bullish enthusiasm of bulls; Short-term Shanghai aluminum prices or maintain a high level of strong operation, spot may surge again, above pay attention to the 20,000 pressure level, the upstream and downstream of the operation can be purchased on demand, it is expected that tomorrow's spot aluminum shock rises
    .

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