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    Home > Chemicals Industry > New Chemical Materials > June 25 Shanghai aluminum morning review

    June 25 Shanghai aluminum morning review

    • Last Update: 2022-12-11
    • Source: Internet
    • Author: User
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    Overnight, the main force of Shanghai aluminum opened at 14200 yuan / ton, and after briefly touching 14160 yuan / ton at the beginning of the session, it maintained range volatility
    .
    After watching the market at night, affected by the leakage of Lun aluminum, Shanghai aluminum opened low and went low, and then due to the weakening of the US index, Shanghai aluminum with Lun aluminum pulled back sharply, closing at 14220 yuan / ton at the end of the session, the position volume decreased by 634 hands to 250676 lots, and the Shanghai aluminum index reduced its position by 1672 hands to 649276 lots
    .
    Pay attention to the magnitude of today's inventory changes, the decline in inventory may decrease under the weakening of downstream consumption, resulting in pressure above Shanghai aluminum, and it is expected to run 14100~14300 yuan / ton
    within the day.

    Shanghai aluminum

    In terms of news, the central bank lowered the RRR, and the short-term capital is good for nonferrous metals
    .
    The Sino-US trade war has risen again, and as the US tax has entered a substantive stage, the war of words between the two sides has become more and more intense, while the European Union and other regions have also introduced corresponding tariff measures against the United States, the market is extremely worried about trade issues, and non-ferrous metals are under pressure
    .

    Pessimism has been released, and the targeted RRR reduction has released liquidity, calming market sentiment, while the trade friction between China and the United States has not been resolved, and there is pressure above Shanghai aluminum
    .
    At present, there is no further negative news release in the market, and it is expected that Shanghai aluminum fluctuates at a low level, and it is recommended that Shanghai aluminum temporarily stop profit and exit the market, and the new order should be waited and see
    .

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