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June 8 aluminum market noon comment

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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aluminum fire

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Aluminum market noon comment: the Fed's expectation of tightening policy is still there, overnight Lun aluminum closed down $34 under pressure, electrolytic aluminum supply-side interference persists, the traditional consumption off-season is approaching, it is expected that today's aluminum rise and fall are limited
.

Aluminum City

Overnight, Lun aluminum fell sharply to close in the shade, opening slightly higher at $
2428 today.
Shanghai aluminum opened low and high at night, and closed at 18470
.
Shanghai aluminum trading positions are declining, market sentiment is biased to wait and see, short-term Shanghai aluminum may continue to fluctuate the market, pay attention to the support around 18000 below
.
Upper pressure at 19000, lower support 60-day MA at 18000
.

On the macro front, US Treasury Secretary Yellen released a "heavy reminder" on interest rate hikes, and the Fed's ultra-loose monetary policy stance is expected
to face adjustment this week.
The global economy is still in the recovery stage, demand is strong, while monetary policy is in the swing stage, tightening expectations are gradually increasing, and the range of two-way fluctuations in metals has increased; Yunnan's power curtailment and production cuts have aggravated the supply shortage, but large-scale storage dumping may ease the tight supply situation, and the recent rumors of storage dumping, while the pressure of regulatory policies has not abated, and the market sentiment is sluggish, it is recommended to wait and see for the guidance of the news of the storage dump.

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