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Aluminum market afternoon comment: oil prices are higher, overnight Lun aluminum closed up 1.
78%; The resumption of work and production is steadily advancing, electrolytic aluminum maintains a destocking trend, investors hope for the positive impact of favorable policies, and aluminum is expected to rise
today.
Foshan aluminum ingot warehouse receipt repeated pledge malignant event fermentation, causing capital hedging and spot selling risk, warehouse reduction in various places increased, the current impact of the event is significant but there is occasional is not universal, in the short term there is a greater impact on the domestic spot market, the subsequent will return to the fundamental logic
.
After the Dragon Boat Festival, the epidemic lockdown in East China was completely lifted, the operating rate of many sectors rose gratifyingly, the profile sector basically returned to the normal level, the recent weakening of sea freight, the increase in overseas export orders, the gap between weak reality and strong expectations will be steadily narrowed, and demand is expected to usher in a small peak
.
It is expected that aluminum prices will maintain a volatile finishing trend and continue to pay attention to domestic spot inventory
.