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    Home > Chemicals Industry > New Chemical Materials > March 18 aluminum market afternoon comment

    March 18 aluminum market afternoon comment

    • Last Update: 2022-12-21
    • Source: Internet
    • Author: User
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    Aluminum market afternoon comment: The Fed reiterated its easing stance to drive the dollar down, overnight London aluminum closed up more than 1.
    6%, carbon neutrality will affect the supply and demand of electrolytic aluminum for a long time, short-term traditional consumption season is approaching, aluminum is expected to rise
    today.

    Aluminum City

    Overnight, Lun aluminum stabilized and rose on the 5-day moving average to close in Zhongyang, once reaching a new high, closing at $
    2232.
    After opening sharply higher in the night session, Shanghai aluminum fell back to close in small clouds, basically closing flat, closing at 17720
    .
    Shanghai aluminum trading continued to rise at a high level, the market continued to be optimistic, and the short-term continued to be strong, and may reach a new high
    .
    Upper pressure 18000, lower support 17000
    .

    In terms of news, Inner Mongolia has not passed the annual total energy consumption and intensity dual control target assessment results, and it has announced that it will not approve electrolytic aluminum production capacity projects
    .
    Baotou City issued the "Baotou City Energy Consumption Dual Control Red Warning Response Measures", Baotou aluminum and Dongfang hope that their refineries have been affected to a certain extent, and the supply of electrolytic aluminum in Inner Mongolia continues to ferment.

    Recently, the rise in social inventory of electrolytic aluminum has slowed down significantly, and with the advent of the consumption season, it is presumably that the inflection point of inventory decline will come soon
    .
    In general, the supply side of electrolytic aluminum has been greatly disturbed, while the demand in the peak season is good, and Shanghai aluminum maintains a strong idea
    .

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