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    Home > Chemicals Industry > New Chemical Materials > July 30 aluminum market noon comment

    July 30 aluminum market noon comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: the Fed still maintained a dovish attitude, and Lun aluminum closed up $76 overnight; The power limit in the southwest region has been upgraded, some aluminum companies have chosen to advance the annual maintenance, and the electrolytic aluminum destocking speed is relatively fast, and it is expected that aluminum will rise
    today.

    Aluminum City

    The flood in Henan affected aluminum production, and the market was strong
    .
    Overnight, Lun aluminum rose sharply to close Changyang near a new high, opening slightly lower at $
    2593 today.
    Shanghai aluminum opened high and rose sharply to close in Zhongyang at 19945
    .
    Shanghai aluminum trading positions are rising, and the market sentiment is optimistic
    .
    Global aluminum demand is better, driven by the external disk, Shanghai aluminum may continue to fluctuate
    upward.
    Upper pressure 20500, lower support 19000
    .

    Recently, the power load of China Southern Power Grid has risen sharply, the electricity pressure in Guangxi and Guizhou provinces has increased, and electrolytic aluminum plants in the region have received power rationing notices
    .
    Affected by heavy rain weather, Henan electrolytic aluminum plant has reduced production capacity by 400,000 tons, and yesterday the State Reserve Bureau successfully put 90,000 tons of aluminum reserves, to a certain extent, to make up for the supply reduction caused by the recent period of electricity, and adjusted the balance
    of supply and demand.
    Social stocks continue to destock, and the inventory announced on Thursday has fallen to 745,000 tons, and low stocks have played a strong support
    for aluminum prices.
    Overall, the dollar index continued to decline, the supply side was restricted again, and the price of Shanghai aluminum rose above 19,900 yuan / ton in overnight trading
    .

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