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    Home > Chemicals Industry > New Chemical Materials > June 2 Shanghai aluminum brief comment

    June 2 Shanghai aluminum brief comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Today's aluminum price volatility weakened, as of the close of 3 pm, the main 2107 contract of Shanghai aluminum closed down at 18605, down 155, or 0.
    83%.

    Shanghai aluminum

    The current overall market consumption situation is still stable, although the off-season is coming, but the downstream consumption has not significantly weakened, domestic inventories still remain low to form a certain support for the price, but with the country's increasing control of commodity prices, aluminum prices inevitably fall into the pullback trend, short-term Shanghai aluminum main recommended to pay attention to 1.
    84-18,800 range fluctuations, vigilant of the night trading further decline possibility, operational recommendations for the time being, it is expected that tomorrow's spot aluminum shock is weak
    .

    Fundamentals continue to strongly support aluminum prices in the recent expansion of supply disruption and demand performance is still good, especially the expansion of supply disruption weakens the impact of accumulation of the upcoming consumption off-season, inventories continued to decline in June, and it is difficult to significantly increase inventories in July
    .
    At the macro level, it is in the mutual game of domestic policy pressure and overseas loosening, and it may be difficult for aluminum prices to continue to rise unilaterally, especially in the domestic concern about storage dumping, and it is expected that aluminum prices as a whole will continue to fluctuate
    at a high level and widely.

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