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    Home > Chemicals Industry > New Chemical Materials > June 11 Shanghai aluminum afternoon comment

    June 11 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-16
    • Source: Internet
    • Author: User
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    Overnight, the Shanghai aluminum main 1907 contract opened at 13935 yuan / ton at night, after the opening of the long entry, Shanghai aluminum touched 14015 yuan / ton, and then some bears lacked confidence to withdraw, Shanghai aluminum hovered between the 10/20 daily moving average, the end of the session long profit closed positions, the center of gravity of the plate fell slightly, and finally closed at 13995 yuan / ton
    .
    Shanghai aluminum performance rebounded, trying to return to the 10,000-4 mark, is expected to run at 13800-14100 yuan / ton within the day, spot pairs are rising 10-30 yuan / ton
    in the month.

    Shanghai aluminum

    The price of AOO aluminum ingots in East China was 14,030 yuan / ton, down 60 yuan
    .
    Aluminum ingot inventories remained degraded, and China's aluminum exports in May were 536,000 tons, up 7.
    63% month-on-month and 10.
    52% year-on-year; Despite the severe international trade environment this year, China's aluminum exports are still growing, and spot aluminum prices today may be slightly
    boosted.

    Since May, Shanghai aluminum has been affected by macro factors, and the systemic risk has increased and fluctuated sharply
    .
    The back and forth between China and the United States on tariff issues always affect the nerves of the market, and aluminum and aluminum as the first batch of "concerned" trade products are also very
    hot.
    When all non-ferrous metals were hit, aluminum was the first variety
    to stabilize and rebound.
    Such a strong aluminum is also due to
    its excellent fundamentals.

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