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    Home > Chemicals Industry > New Chemical Materials > June 3 Shanghai aluminum afternoon comment

    June 3 Shanghai aluminum afternoon comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    Overnight, Shanghai aluminum closed slightly negative.

    Recently the dual control of energy consumption in Inner Mongolia and the power curtailment of China Southern Power Grid have triggered a large-scale reduction in the production of aluminum plants, and the downstream of Guangdong is also plagued by power cuts, and the power cuts are still continuing
    .
    The trend of destocking after a short accumulation at the beginning of the week is expected to continue, pay attention to today's inventory changes
    .
    The fundamental support of the aluminum market is still there, and under the disturbance of rumors of national regulation and storage, Shanghai aluminum temporarily fluctuated at a high level of 18,000-19,000 yuan
    .

    Shanghai aluminum

    On the macro front, the market maintains high liquidity, but the uncertainty of domestic policies has increased, putting pressure on market bulls to a certain extent
    .
    Short-term aluminum prices will continue to play and maintain a volatile trend
    .

    Overall, short-term supply-side disturbances superimposed on peak season blessings, and the destocking cycle is expected to be extended, giving some support
    to aluminum prices.
    Aluminum prices have experienced a wave of rapid rise in the early stage of the market has appeared a certain degree of correction, macro uncertain risks or and fundamental good pattern into the game, it is expected that aluminum prices will fluctuate, short-term recommended range operation, medium-term is still optimistic about aluminum prices
    .

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