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    Home > Chemicals Industry > New Chemical Materials > June 29 Shanghai aluminum morning review

    June 29 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 14115 yuan / ton, the opening Shanghai aluminum shock operation, the high touched 14180 yuan / ton, after the short position increased, the center of gravity of the Shanghai aluminum shock range moved down, the low touched 14155 yuan / ton, and the Asian session closed at 14190 yuan / ton
    .
    Shanghai aluminum continued to fluctuate weakly overnight, opening low at 14120 yuan / ton, the shock range continued to move down from the day, refreshing the intraday low to 14085 yuan / ton, and closing at 14145 yuan / ton
    at the end of the session.
    It is expected to run 14000~14200 yuan / ton within the day, and the discount is 90~50 yuan tons
    .

    Shanghai aluminum

    In terms of the market, spot discounts have expanded, traders have changed from shipping to receiving goods, the role change has promoted the activity of market transactions, and downstream enterprises have purchased on demand, maintaining a relatively active state
    overall.
    The decline of electrolytic aluminum social inventory for many weeks has given some support to aluminum prices, but absolute stocks are still at a high level, and the momentum for aluminum prices to rise in the off-season is weak
    .

    Although aluminum prices have rebounded recently, driven by the sharp rise in crude oil prices and the easing of market sentiment, aluminum prices have rebounded due to the weak performance of raw materials, alumina prices continue to decline, and the lack of support on the cost side, it is difficult for aluminum prices to maintain an upward trend
    .
    The RMB exchange rate continued to fall, and the profit of aluminum exports expanded, which was conducive to aluminum exports, resulting in a stronger
    ratio.
    Aluminum prices lack effective driving unilaterally, and without new news stimuli and fundamental highlights, aluminum prices will maintain a range-bound pattern
    .

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