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    Home > Chemicals Industry > New Chemical Materials > June 7 Shanghai aluminum brief comment

    June 7 Shanghai aluminum brief comment

    • Last Update: 2022-12-22
    • Source: Internet
    • Author: User
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    The non-ferrous metals in the domestic futures market fell as a whole, and Shanghai aluminum followed another pullback, maintaining range fluctuations, and tomorrow's aluminum prices are expected to fluctuate weakly
    .

    Shanghai aluminum

    On the macro front, the market was surprised by the weaker-than-expected employment data in May, and it greatly eased the Fed's tapering program, which investors feared
    .

    On the supply side, the impact of power curtailment in Yunnan has expanded to more than 600,000 tons of production capacity, and although the rainy season is coming, the production of electrolyzers is slow to resume, and it is expected to reopen in July.

    In terms of inventory, the data shows that the domestic electrolytic aluminum social stock is 954,000 tons, the weekly difficult storage is 08,000 tons, the inventory in the South China Sea area increased slightly by 7,000 tons, and Wuxi, Shanghai and Gongyi continued to contribute to the decline
    .

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