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Aluminum market noon comment: the US dollar index rose sharply to a one-week high, the next week Lun aluminum high fell to close down nearly 2.
8%, domestic electrolytic aluminum inventory continued to accumulate, new production capacity continued to be slowly put into production, it is expected that today's aluminum fall.
On Friday, Lun aluminum fell sharply to close the long black candle, closing at $
2157.
Shanghai aluminum opened low and closed low at 17070
overnight.
Shanghai aluminum trading is basically stable, positions are declining, driven by inflation expectations, market confidence is strong
.
However, considering the lack of downstream demand, the risk of high levels is greater, and it may stabilize with copper prices today
.
Upper pressure 17500, lower support 16500
.
Inner Mongolia has not passed the annual total energy consumption and intensity dual control target assessment results, the local electrolytic aluminum production capacity will be affected to a certain extent, it has been reported that some electrolytic aluminum plants began to reduce production, the supply side was impacted
.
Powell reiterated in the congressional hearing that monetary easing will continue until there is substantial progress in economic recovery, and the dollar index will remain low and volatile
.
Recently, U.
S.
Treasury interest rates have risen sharply, and the volatility of risk asset prices has increased, and investors recommend appropriate control of positions
.