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    Home > Chemicals Industry > New Chemical Materials > June 14 Shanghai aluminum brief comment

    June 14 Shanghai aluminum brief comment

    • Last Update: 2022-12-25
    • Source: Internet
    • Author: User
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    As of the close of 3 p.
    m.
    , the main 2207 contract of Shanghai aluminum closed down in 20005, down 210, or 1.
    04%.

    Today's Shanghai aluminum continued to fall, the market once fell below the 20,000 position after continuing to fall deeply, but the lower Bollinger band support is strong, and the dollar high pullback, the bottom of the plate to rise, the end of the decline has narrowed, and re-stand above the 20,000 mark, the market in the past two days in the consumption of the Fed interest rate hike expectations under the bearish impact, so Thursday's interest rate hike results as expected, then the impact of the plate is not much, if the interest rate hike of 75 basis points, the plate still or face adjustment, but the probability is not large, it is expected that the later plate is still or around 20,000 volatility-based, it is recommended to buy in batches near the dip in the past two days

    Shanghai aluminum

    On the supply side, domestic electrolytic aluminum production capacity once again entered the peak of starting production and resuming production, and enterprises such as Liancheng Aluminum and Bai Mine started to resume production, with a total operating capacity of nearly 41 million tons, and the supply continued to rise
    .
    On the demand side, the improvement of the epidemic and favorable policy stimulus have enhanced the market's confidence in demand, but the real estate market is still in a relatively weak state, still dragging down the downstream consumer market, and the overall market demand has not improved for the time being, which is difficult to say optimistic
    .

    The current pressure between weak reality and strong expectations still needs time to be gradually buffered, and pent-up demand may usher in a high explosion
    .
    The preliminary investigation results of the vicious incident of repeated pledge of warehouse receipts that have attracted much market attention are that financiers have bought through multiple delivery warehouses, and the impact of capital hedging and spot selling risks is still fermenting
    .
    In summary, it is expected that the aluminum ingot social library will continue to destocking in June, and there will be certain pressure
    on supply.
    Aluminum prices will fluctuate on the 20,000 line, and continue to pay attention to the domestic spot inventory
    .

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