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June 19 Shanghai aluminum noon comment

 Last Update: 2022-12-16
 Source: Internet
 Author: User

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Overnight, the Shanghai aluminum main 1908 contract opened at 13815 yuan / ton, after the opening of the bulls encouraged by the news to increase their positions by more than 2,000 lots, and then some bears hedged and closed their positions, helping Shanghai aluminum all the way up, and finally closed at 13875 yuan / ton
.
Overnight, due to the macro good non-ferrous general rise, it is expected that Shanghai aluminum will continue to try to recover, running at 13800-14100 yuan / ton within the day, and the spot pair will be around 20 yuan / ton in flat water in the same month
.

Shanghai aluminum

The AOO aluminum ingot price in East China was 13920 yuan / ton, down 30 yuan
.
China and the United States are expected to resume trade talks, the US president's speech ignited the market's hope that the trade dispute will soon end, optimism is positive for the metal market, it is expected that today's Shanghai aluminum trend is strong, spot aluminum prices or rise
.

Sino-US trade relations eased, improved market confidence, Shanghai metals rebounded across the board today, the main contract of Shanghai aluminum temporarily held the 13800 mark, closing at 13865 at the end, up 70 yuan, or 0.
51%, from the previous trading day; From the trend point of view, the upward momentum of Shanghai aluminum is still insufficient, and the current consumption and cost of electrolytic aluminum are bearish aluminum prices, short-term is difficult to have excellent performance, above pay attention to 14,000 pressure; it is expected that tomorrow's spot aluminum fluctuations are not large, small rise, a small amount of on-demand buy
.

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