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Today's aluminum prices fluctuated higher, as of the close of 3 pm, the main 2106 contract of Shanghai aluminum closed up at 19985, up 50, or 0.
25%.
For the current trend of aluminum prices, the bullish psychology is more obvious, but the cautious mentality is more obvious with the continuous rise of aluminum prices, and the regulatory risk at the policy level has become one of the
important factors of the current market uncertainty risk.
After two consecutive weeks of sharp rises, the rise in aluminum prices has slowed down, and there has been a pullback phenomenon under the disturbance of macro sentiment, but from the perspective of macro and domestic fundamentals, funds, supply and demand and other aspects of good support for aluminum prices to maintain a high level of operation, comprehensively Shanghai aluminum still has some room
for growth.
Looking forward to the future market, aluminum prices will continue to remain high in the case of limited supply increment, but at the same time, the risk of price correction is not ruled out when the storage has not yet
landed.
