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June 8 Shanghai aluminum brief comment

 Last Update: 2022-12-25
 Source: Internet
 Author: User

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Today's Shanghai aluminum continued to run weakly, but there was strong support around 20650, and the end of the day showed a bottoming and recovery trend, and the decline narrowed, and the short-term or in the 20500-21000 range was mainly
oscillating.

Shanghai aluminum

It is reported that the Shanghai branch of Nanchu has found that the Yangpu warehouse bill of lading and acceptance slip held by some customers are inconsistent with the registration data of its management system, which may have a certain negative impact on aluminum prices, please refer to the previous Foshan aluminum ingot warehouse receipt repeated pledge malignant event
.

After the Dragon Boat Festival, the epidemic situation in East China was lifted, and aluminum enterprises started to resume production better, but the price of raw materials was high, the terminal orders did not improve obviously, and the short-term upward momentum of Shanghai aluminum continued to weaken, and it was necessary to be vigilant against the possibility
of another downward exploration in the night market.

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